Wells Fargo Scandal news and trends

Wells Fires Slew Of Retail Bank District Managers
Banking // December 06, 2018

Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more than two years ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Wells Fargo To Pay More Than $2B Penalty Over Mortgage Loans
Loans // August 02, 2018

The U.S. Department of Justice (DOJ) announced that Wells Fargo will pay $2.09 billion in penalties to settle claims related to mortgage loans that the lender processed before the last recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Wells Probes Wealth Management Sales Practices
Security & Fraud // March 02, 2018

The controversy surrounding Wells Fargo continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...

Wells Fargo Flubs Customer Refunds
Security & Fraud // February 12, 2018

Wells Fargo is having a tough time making it right for the thousands of customers it harmed, reportedly sending out communications with wrong information to 38,000 customers who were forced into auto insurance they didn’t want or need. Get the Full Story Complete the form...

Quick Reads
Federal Reserve Rejects Wells Fargo’s Reform Plan

December 07, 2018
The Federal Reserve sent Wells Fargo & Co. back to the drawing table with its plan to prevent consumer abuses in the future obligation of or guaranteed, rejecting its plan and calling on the bank to put in place stronger checks on management. Reuters, citing three people with knowledge of the discussions, reported that because […]

Wells Fires Slew Of Retail Bank District Managers

December 06, 2018
Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more than two years ago. Get the Full Story...

Wells Fargo To Pay More Than $2B Penalty Over Mortgage Loans

August 02, 2018
The U.S. Department of Justice (DOJ) announced that Wells Fargo will pay $2.09 billion in penalties to settle claims related to mortgage loans that the lender processed before the last recession....

Wells Probes Wealth Management Sales Practices

March 02, 2018
The controversy surrounding Wells Fargo continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...