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Wells Fargo

How Wells Fargo Weaseled Its Way Out Of Fraud Penalties

www.salon.com | Posted 10.14.2014 | Business

Wells Fargo engaged in awful, deceptive practices. For its sins, it engaged in a settlement that brought... profits ...

Wells Fargo Employee Calls Out CEO's Pay, Requests Company-Wide Raise In Brave Email

The Huffington Post | Kevin Short | Posted 10.09.2014 | Business

When most employees want a raise, they schedule a meeting with their supervisor or reach out to human resources. A Wells Fargo employee took a mark...

Selfie-Finance

Adrienne Becker | Posted 09.09.2014 | Business
Adrienne Becker

This past month I became parent to a teenager. Among the obvious anxieties this rite prompted, I also had the pleasure of learning American teens have been deemed "mediocre" when it comes to personal finance.

Jacob Lew Hasn't a Clue

Joel Sucher | Posted 10.15.2014 | Politics
Joel Sucher

At the conference Lew cast some bread upon the water -- announcing an extension of HAMP and related programs through 2016 -- and these crumbs were eagerly consumed by so-called housing advocates

Jesus Drove Usurers From The Temple. We Allow 500-percent Interest Payday Loans. Where Are The Christians?

Ian Reifowitz | Posted 08.13.2014 | Politics
Ian Reifowitz

First, let's start with the good (if you can really call it that) news: A trail of money that began with triple-digit loans to troubled New Yo...

Setting Up Auto-Withdrawal Can Be Setting Yourself Up For a Fall

David Fagin | Posted 09.24.2014 | Money
David Fagin

There needs to be simple way to "turn-off" auto-pay to a company the same way you turned it on, without having to feel like you're playing Whack-A-Mole.

Bailout Economics: Predators Still Fattening on Prey

Janet Tavakoli | Posted 08.17.2014 | Business
Janet Tavakoli

Since the financial meltdown, the people who created the crisis have taken advantage of it and achieved "big things" -- especially big profits and bonuses.

Whites Recover From Housing Crisis; African Americans and Latinos Left Behind

Jorge Newbery | Posted 08.12.2014 | Money
Jorge Newbery

The housing crisis is now concentrated in many of America's more modest communities, where payday lenders, "no credit needed" used car dealers and Rent-A-Centers dot the main thoroughfares.

Send In the Clowns

D. Sidney Potter | Posted 08.03.2014 | Business
D. Sidney Potter

Since time memorial, man has been motivated by an easy buck and short skirts. The recent frenzy of mortgage lenders to repeat the mistakes of history may be upon us again, as some lenders are experiencing 'greed creep' all over again.

Kevin Short

How Big Banks Swipe Millions From Welfare Recipients

HuffingtonPost.com | Kevin Short | Posted 04.04.2014 | Business

Dominique Hudson is fed up with giving Wells Fargo her bus money. Each month, the 18-year-old from Oakland, Calif., pays the bank about $12 in ATM ...

Charlotte Is Just... Bizarre

The Huffington Post | Carly Ledbetter | Posted 03.19.2014 | Travel

Lately, it seems like Charlotte is topping the list of just about everything. While it is a great place for young professionals and anyone in banking...

The Mortgage Market Just Cratered

The Huffington Post | Mark Gongloff | Posted 01.23.2014 | Business

A jump in interest rates has had a big impact on the housing market. That's a warning sign for a Federal Reserve seemingly bound and determined to wit...

Wells Fargo To Pay Fannie Mae $591 Million To Settle Mortgage Claims

Reuters | Posted 03.01.2014 | Business

Dec 30 (Reuters) - Wells Fargo & Co, the fourth-largest U.S. bank by assets, said it would pay $591 million to Fannie Mae to substantially settle al...

Wells Fargo Ordered To Buy Back Securities Worth $94 Million

Reuters | Posted 02.27.2014 | Business

Dec 27 (Reuters) - An arbitration panel has ordered Wells Fargo & Co's brokerage unit to buy back about $94 million of auction-rate securities from ...

Big Banks Accused Of Housing Discrimination Again

Reuters | Posted 02.18.2014 | Business

MIAMI, Dec 19 (Reuters) - Miami has sued Bank of America , Wells Fargo and Citibank in U.S. federal court in Florida, for discriminatory mortgage le...

What to Do With All Those Big Bank Branches?

Joe Driscoll | Posted 01.23.2014 | Business
Joe Driscoll

Banks can and should innovate and market new services generating lending growth before shuttering up all those main street branches. Foreign markets, trading on their own accounts, and subprime lending have all been tried already.

Dear Banks: 'Giving Back' in Philanthropy Is Fine, But Also Give Us Back a Financial System We Can Trust

Carla Seaquist | Posted 01.23.2014 | Business
Carla Seaquist

A plea to the banks: Do "give back" in philanthropy. But also, please: Give us back a financial system that we can trust. Less penance after the fact, more virtue before. It will make for better business and for honest philanthropy.

Immigration Activists Focus On Prisons

AP | GOSIA WOZNIACKA | Posted 10.17.2013 | Latino Voices

PORTLAND, Ore. -- PORTLAND, Ore. (AP) — Immigrant rights activists in Oregon are asking the city of Portland to stop buying bonds from Wells Fargo, ...

Who Owns The Awful Corinthian Colleges? Wells Fargo, Marc Morial, Pension Funds

David Halperin | Posted 01.23.2014 | Business
David Halperin

We have a disturbing portrait of a company preying on vulnerable people and then covering up its misdeeds with lies. So who is Corinthian Colleges? Who are the owners of this predatory institution?

Ben Hallman

Banks Keep Breaking Into Houses

HuffingtonPost.com | Ben Hallman | Posted 10.03.2013 | Business

Every day in neighborhoods across the country, low-paid workers with little oversight or training decide whether to break into someone else's home. ...

Wells Fargo Agrees On Settlement With Freddie Mac

AP | Posted 10.01.2013 | Business

WASHINGTON -- Wells Fargo & Co. has agreed to an $869 million settlement with Freddie Mac over claims on home loans it sold to the government-controll...

Wells Fargo Lays Off Even More Mortgage Employees

Reuters | Posted 11.19.2013 | Business

By Peter Rudegeair NEW YORK, Sept 19 (Reuters) - Wells Fargo & Co, the largest U.S. mortgage lender, said on Thursday that it will cut...

Richmond, California Defies Wall Street to Help Homeowners

Peter Dreier | Posted 11.11.2013 | Business
Peter Dreier

About 300 residents packed the six hour long meeting -- held at the Richmond Memorial Auditorium instead of the City Council chambers -- to discuss the city's plan to help families whose home values have plummeted through no fault of their own.

The Future of Regional and Community Banking

Mary Buffett | Posted 11.03.2013 | Business
Mary Buffett

Community and smaller-to-mid-sized regional banks serve a variety of interests. They tend to favor the needs of local and mid-sized businesses or specific socio-economic communities who want a more personalized approach to banking.

Zach Carter

Third Of Richest CEOs Were Getting Paid Taxpayer Dollars

HuffingtonPost.com | Zach Carter | Posted 08.28.2013 | Politics

WASHINGTON -- More than one-third of the nation's highest-paid CEOs from the past two decades led companies that were subsidized by American taxpayers...