News

Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and ...
How Charlie Scharf got Wells Fargo out of the penalty box
When Charlie Scharf took over as Wells Fargo CEO nearly six years ago, he said its culture was broken. On Tuesday, the Fed ...
The Daily Hodl3d
Wells Fargo Reportedly Rejects Reimbursement After $44,000 Drained From Accounts – Until Questions Surface in the Media
Wells Fargo reportedly refused to refund customers who recently had their accounts drained by scammers – until the top US ...
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 ...
Forbes2y
Wells Fargo Owes Customers More Than $2 Billion. Here’s What You Should Know
“This far-reaching agreement is an important milestone in our work to transform the operating practices at Wells Fargo and to put these issues behind ... for expenses and reimbursement of ...
NPR2y
Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars
"This far-reaching agreement is an important milestone in our work to transform the operating practices at Wells Fargo and to put these issues behind us," said Scharf. "Our top priority is to ...
News Tribune1y
Wells Fargo manager stole $1.2M from vulnerable customers, feds say. He’s prison-bound
Wells Fargo spokesman Tony Timmons told McClatchy News in an email on Feb. 21 that “a final reimbursement is in progress.” “We take issues of financial misconduct very seriously, and do not ...
CBS News4mon
After mail theft incident in Colorado, check fraud victim fights bank for reimbursement
While combing through a pile of paperwork in his kitchen, Colorado resident Brad Bernero says he is doubling down on his fight against the banking giant Wells Fargo. "I don't think they did what's ...