wellsfargo

  • More trouble for Wells Fargo….Company mistake causes hundreds of foreclosures

    Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications. The bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about...
  • More trouble for Wells Fargo

    Wells Fargo & Co. is in the process of refunding tens of millions of dollars for products ranging from pet insurance to legal services added to hundreds of thousands of customers’ accounts without their full understanding, according to people familiar with the matter. Known as add-on products, Wells Fargo...
  • Kevin Harvick dominates Dover, scores fourth Cup win of the year

    DOVER, Del. – Highlights of Sunday’s AAA 400 Monster Energy NASCAR Cup Series race at Dover International Speedway: WINNER: Kevin Harvick returned to his winning ways Sunday, breezing to his Cup Series-best fourth victory this season. Harvick finished more than six seconds ahead of Stewart-Haas Racing teammate Clint Bowyer. Harvick...
  • Wells Fargo fined $1 billion

    Wells Fargo agreed to pay a $1 billion fine to federal regulators Friday over mortgage and auto-loan violations that resulted in customers paying extra fees. The settlement, announced by the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency, found that the bank harmed customers by charging them for auto...
  • Wells Fargo Says It Faces a $1 Billion Fine Over Its Loan Scandals

    Wells Fargo & Co.’s better-than-expected results could be short-lived. The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business. That would reverse its relatively rosy first-quarter results, which included higher profit and a smaller...
  • Florida man, 23, is arrested for ‘punching an ATM because it gave him TOO MUCH money’

    Michael Joseph Oleksik, 23, was charged with criminal mischief on Friday for punching a Wells Fargo ATM in Cocoa, Florida, nearly a month ago According to bank officials, the assault on the machine caused at least $5,000 in damages Oleksik can be seen on security cameras standing at the...
  • Wells Fargo being blamed for fake insurance policies

    Wells Fargo is being accused of more shady business. Authorities say Wells Fargo customers in California were charged for insurance policies that they didn’t want. A year-long investigation by the California Department of Insurance blamed the sale of nearly 1,500 of these unauthorized renters and term life insurance policies...
  • Wells Fargo could be in trouble again

    Wells Fargo cheated many of its business clients by charging them higher than agreed upon fees, according to a report on Monday. The bank, already reeling from a series of fines and penalties caused by overly aggressive management goals, discovered that it had charged 265 of 300 examined foreign-exchange...
  • Wells Fargo earnings: Profit falls on legal costs from bank accounts scandal

    Wells Fargo on Friday reported earnings that badly lagged Wall Street forecasts as the banking giant continued to address a scandal over millions of unauthorized accounts and investigations of its mortgage practices. The San Francisco-based banking giant said its quarterly profit fell 18.6%. Wells Fargo shares fell 2.4% to...