wells fargo

Judge Tells Wells Board, Execs They Can Be Sued
Judge Tells Wells Board, Execs They Can Be Sued
October 06, 2017  |  Security & Fraud

Wells Fargo’s current and former executives and directors have to face most of the lawsuits lodged against the company and its executives by shareholders who...

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Congresswoman Waters Introduces Bill To Punish Bad Banks
Congresswoman Waters Introduces Bill To Punish Bad Banks
October 05, 2017  |  Bank Regulation

Top Democrat Maxine Waters has introduced a bill outlining a process to break apart big banks that engage in widespread consumer abuse. According to American...

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California Passes Strict Statute To Curtail Arbitration Clause
California Passes Strict Statute To Curtail Arbitration Clause
October 05, 2017  |  Regulation

California, with the signature of Governor Jerry Brown, has officially passed a law that will make it easier for consumers to sue banks alleged to...

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Wells Fargo Rehires Workers Fired In Fake Account Scandal
Wells Fargo Rehires Workers Fired In Fake Account Scandal
October 03, 2017  |  Security & Fraud

Wells Fargo, the embattled bank still reeling in the wake of a fake account scandal, has reportedly brought back more than 1,000 former employees, Reuters...

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Fizzle Of The Week: Puerto Rico’s Cash Crisis
Fizzle Of The Week: Puerto Rico’s Cash Crisis
September 30, 2017  |  Sizzle/Fizzle

Sizzle Toys R Us: Might the beleaguered retailer, which recently filed for bankruptcy, have a lifeline that is enough to keep kids smiling with Mario...

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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 To Appear Before Congress
Wells Fargo CEO To Appear Before Congress
September 22, 2017  |  Security & Fraud

Wells Fargo, the embattled bank, will have its Chief Executive Tim Sloan testify in front of Congress early next month. According to a report in...

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CFPB Could Have Gotten A Lot More In Fines From Wells Fargo
CFPB Could Have Gotten A Lot More In Fines From Wells Fargo
September 20, 2017  |  Security & Fraud

Last year, Wells Fargo faced fines of as much as $10 billion from the Consumer Financial Protection Bureau, but instead settled for a fraction of...

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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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