wells fargo scandal

Federal Reserve Rejects Wells Fargo’s Reform Plan
Federal Reserve Rejects Wells Fargo’s Reform Plan
December 07, 2018  |  Bank Regulation

The Federal Reserve sent Wells Fargo & Co. back to the drawing table with its plan to prevent consumer abuses in the future obligation of...

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

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...

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

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...

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

The controversy surrounding Wells Fargo continues. The beleaguered banking giant is looking inward once again, evaluating its wealth and investment management business in search of...

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

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...

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Wells Fargo Settles With SEC Over AML Reporting
Wells Fargo Settles With SEC Over AML Reporting
November 15, 2017  |  Security & Fraud

Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the ball in reporting...

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OCC Head Wants To Loosen Regulatory Rules Placed On Wells Fargo
OCC Head Wants To Loosen Regulatory Rules Placed On Wells Fargo
October 31, 2017  |  Regulation

In banking news, Keith Noreika, the acting U.S. Comptroller of the Currency, is trying to make it easier for Wells Fargo to pay employees when...

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Senate Committee Eyes Wells Fargo Scandals’ Potential Impact On SMBs
Senate Committee Eyes Wells Fargo Scandals’ Potential Impact On SMBs
September 27, 2017  |  B2B Payments

U.S. Senators have begun pressing Wells Fargo to explore whether the fake account scandal impacted small businesses as well as individual consumers, according to Small Biz...

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Wells Fargo CEO Says Cost Controls Are Improving At The Bank
Wells Fargo CEO Says Cost Controls Are Improving At The Bank
September 13, 2017  |  Bank Regulation

Tim Sloan, CEO of Wells Fargo & Company, said Tuesday (Sept. 12) that the company is improving its cost controls in relation to revenue as...

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