Home » Posts tagged with » Wells Fargo (Page 2)

Customers dodging new banking fees

Comments Off

Banks might have increased their fees, but consumers aren’t paying them. A majority of consumers have managed to avoid paying fees, according to the American Bankers Association. An ABA survey found that 71 percent of bank customers don’t pay any fees,  and 82 percent of customers pay $3 or less per month in fees for… Continue Reading Customers dodging new banking fees

Continue reading …

While the slow disappearance of reverse mortgages from major lenders’ portfolios isn’t a big job-killer, it could spell trouble for the 20-year-old financing option that senior citizens have been able to use to carry them through retirement. Bank of America pulled out of the reverse mortgage business a few weeks ago, and Wells Fargo recently… Continue Reading Wells Fargo pulls out of reverse-mortgage market

Continue reading …

Wells Fargo admits mistakes in 55K foreclosures

Comments Off

Wells Fargo admits it made mistakes in 55,000 foreclosure cases and promises to fix them. The San Francisco-based company says it is plans to refile the documents by mid-November. The company describes the mistakes as technical and says it sees no need to halt the foreclosure process. “We don’t believe that there are instances in… Continue Reading Wells Fargo admits mistakes in 55K foreclosures

Continue reading …

Testimony won’t stop Wells Fargo foreclosures

Comments Off

Wells Fargo & Co. does not plan to halt foreclosuresdespite an employee’s testimony that she signed up to 500 foreclosure documents daily without reading them. The employee of the San Francisco-based bank said in a deposition taken last March that she signed between 300 and 500 foreclosure documents per day, verifying only her name and title.… Continue Reading Testimony won’t stop Wells Fargo foreclosures

Continue reading …

Colorado and seven other states will receive $23.7 million from Wells Fargo to settle allegations regarding deceptive advertising and problematic lending practices of Wachovia and World Savings. Wells Fargo acquired both banks in late 2008. Colorado will receive $900,000 under the multistate settlement. The deal settles accusations that World Savings and Wachovia misrepresented and failed… Continue Reading Wells Fargo paying $23 million to settle advertising accusations

Continue reading …

Wells Fargo has created a global banking division to serve U.S. clients doing business around the world. The new division is part of Wells Fargo’s international group. The division will be led by Sanjiv Sanghvi, a 21-year veteran of the San Francisco-based bank. Wells Fargo’s global banking services include providing middle market and large companies with… Continue Reading Wells Fargo launches global banking division

Continue reading …

The NAACP is ending its lawsuit against Wells Fargo that alleged the bank was forcing blacks into subprime mortgages while whites with identical qualifications got lower rates. The lawsuit, filed over a year ago, is among more than a dozen the National Association for the Advancement of Colored People has filed since 2007 against large… Continue Reading NAACP drops mortgage lawsuit against Wells Fargo

Continue reading …

Because Colorado was the first state where financial institutions Wells Fargo and Wachovia integrated, Wells Fargo will award $95,000 in grants to 10 charities. Nearly 13, 500 Wachovia customers helped choose the charities that will receive grants. They include: American Cancer Society, Colorado Chapter – $25,000 American Heart Association, Colorado – $20,000 American Red Cross, Mile… Continue Reading Colorado charities benefit from Wells Fargo, Wachovia merger

Continue reading …

A class action lawsuit filed today accuses Wells Fargo of fraud, claiming the bank froze millions of dollars in home equity loans by falsely claiming that its customers’ home property values had declined significantly. The suit, which was filed in the Northern District of Illinois, alleges that Wells Fargo unlawfully failed to accurately assess the value of… Continue Reading Wells Fargo Bank sued for fraud

Continue reading …

Savings levels dwindle, job anxiety mounts

Comments Off

Almost one quarter of U.S. homeowners do not have savings to cover their living expenses should they lose their income, according to a quarterly survey from Wells Fargo. At the same time, anxiety over job stability was up from 21 percent during fourth quarter 2008 to 29 percent during first quarter 2009. Respondents also showed… Continue Reading Savings levels dwindle, job anxiety mounts

Continue reading …
Page 2 of 212