Wells Fargo Reimbursement Issues

News

Fed Removes Shackle Imposed on Wells Fargo

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 for having a toxic sales and banking culture.

The New York Times · 2d

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 mistakenly seizing homes.

Charlotte Observer on MSN · 2d

Wells Fargo scandals: 11 articles on penalties imposed on bank by feds

Customer harm includes hundreds losing homes due to mortgage modification errors, and the bank has faced discrimination settlements for unfair hiring practices against Black and female applicants. The The Federal Reserve announced Friday it is imposing more penalties on Wells Fargo,

The Daily Hodl5d

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 ...

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 ...

Local 12 WKRC Cincinnati7mon

Reimbursement refused to man who lost $6,500 after IRS check stolen, cashed by thief

KGO reported that the man, California resident Jeff Yates, was refused a reimbursement of the money, despite an investigation that proved he was a victim of a crime. "I really felt Wells Fargo ...

1don MSN

How Charlie Scharf got Wells Fargo out of the penalty box

Wells Fargo chose Scharf as CEO in 2019 after a six-month search mired in controversy. His two predecessors, Tim Sloan and ...

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 ...

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