Wells Fargo announced late last week that it has agreed to pay $480 million to settle a securities fraud class-action suit. In a press release, the embattled bank said the lawsuit was filed in the U.S. District Court for the Northern District of California, sparked by misstatements...
The Department of Labor is examining if Wells Fargo pushed retirement-planning customers into pricier accounts and toward buying more expensive investment funds, generating more fees for itself, The Wall Street Journal reported. The bank has pressed employees to move clients into more expensive individual retirement accounts...
Another day, another customer trudging into the bank to discuss credit card debt and a lack of savings … over a venti Starbucks latté. It was an a-ha moment for financial guru David Bach, who started cranking out financial management guidebooks for the average consumer....
February 05, 2018
Another day, another customer trudging into the bank to discuss credit card debt and a lack of savings … over a venti Starbucks latté. It was an a-ha moment for financial guru David Bach, who started cranking out financial management guidebooks for the average consumer. Despite his great respect for him, LendingClub President Steve Allocca […]
May 07, 2018
New data shows that more Americans are holding money in their checking accounts, a sign that they don’t feel as secure as they would like about the economy. Moebs Services, an Illinois-based economic research firm, found that the average consumer’s checking account balance has increased in 23 of the past 30 quarters. The data was […]
May 07, 2018
Wells Fargo announced late last week that it has agreed to pay $480 million to settle a securities fraud class-action suit. In a press release, the embattled bank said the lawsuit was...
April 26, 2018
The Department of Labor is examining if Wells Fargo pushed retirement-planning customers into pricier accounts and toward buying more expensive investment funds, generating more fees for itself, The Wall Street Journal...
