wells fargo

Lawyers Say Fake Wells Accounts Number 3.5M
Lawyers Say Fake Wells Accounts Number 3.5M
May 15, 2017  |  Bank Regulation

The saga continues for Wells Fargo, as plaintiff lawyers in its fraudulent case up the fictitious accounts opened number. Lawyers for the plaintiff side are...

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Wells Investors Disappointed By Wells’ Soft Revenue Outlook
Wells Investors Disappointed By Wells’ Soft Revenue Outlook
May 12, 2017  |  Banking

Scandal has its costs — and as Wells Fargo shareholders learned this week at investor day, those costs can be steep and ongoing. Wells Fargo...

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Credit, Debit, Prepaid Card Purchases Increased 7 Percent In 2016
Credit, Debit, Prepaid Card Purchases Increased 7 Percent In 2016
May 09, 2017  |  Payment Methods

Credit, debit and prepaid cards issued in the U.S. saw purchase volume increase 7 percent year over year in 2016. That’s according to the Nilson Report,...

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Wells Fargo Could Add $200M+ To Legal Bill
Wells Fargo Could Add $200M+ To Legal Bill
May 08, 2017  |  Legal

Wells Fargo is still facing heat from last year’s fraudulent accounts scandal, as lawsuits against the financial firm are reportedly piling up. In the financial...

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Wells Fargo May Targeted Undocumented Workers With Fake Accounts
Wells Fargo May Targeted Undocumented Workers With Fake Accounts
May 05, 2017  |  Security & Fraud

Wells Fargo Chief Executive Tim Sloan denied the company had specifically targeted undocumented workers during the years workers were creating fake customer accounts, but according...

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Wells Fargo Loses Contract With City Of Philadelphia
Wells Fargo Loses Contract With City Of Philadelphia
May 03, 2017  |  Security & Fraud

Wells Fargo is trying to move beyond its fake account scandal, but that’s not happening at least in the city of Philadelphia, where the embattled...

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Battle For Wells Fargo’s Board Goes Down To The Wire
Battle For Wells Fargo’s Board Goes Down To The Wire
April 24, 2017  |  Banking

Will they or won’t they? That is the question of the day as Wells Fargo’s board of directors is determining whether or not to re-elect...

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Wells Fargo Expands Class-Action Settlement To Customers From May 2002
Wells Fargo Expands Class-Action Settlement To Customers From May 2002
April 21, 2017  |  News

Wells Fargo & Company announced Friday (April 21) it is expanding its class-action settlement over its fake account scandal to include any customers who were...

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Wells Fargo Regulator Admits To Missing Warning Signs
Wells Fargo Regulator Admits To Missing Warning Signs
April 20, 2017  |  Regulation

As became public knowledge late last year, Wells Fargo spent years creating fraudulent accounts for customers without their consent. While much attention has been paid...

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