Banks

Congress Should Act In The Wake Of Wells Fargo Scandal

There's a vast imbalance of power and information between consumers and the mega-institutions ostensibly serving them.
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Wells Fargo CEO To Forfeit $41 Million As Investigation Launches

The announcement comes after Wells Fargo was hit $185 million in fines over a fake-account scandal.
By Reuters

Wells Fargo Will Pay $190 Million To Settle Customer Fraud Case

Wells Fargo will pay $185 million in penalties and $5 million to customers that regulators say were pushed into fee-generating accounts that they never requested.
By Patrick Rucker and Dan Freed, Reuters/HuffPost

Banks' Embrace Of 'Jumbo' Mortgages Means Fewer Loans For Blacks, Hispanics

By The Wall Street Journal

Big Banks Just Claimed A Constitutional Right To Free Taxpayer Money

Uhhhhhh...wow.
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'Living Wills' For Five Big Banks Fail U.S. Regulators' Test

None of the eight systemically important banks, which the U.S. government considers "too big to fail," fared well in the evaluations.
By Lisa Lambert, Reuters

Yikes, Paul Krugman Really Doesn't Understand Dodd-Frank

And just a few days ago, he flubbed the history of the financial crisis.
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This Bank Is Making Itself More Accountable To Investors. Here's Why

This is a first.
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A Big Bank Wants To Stop Destructive Coal Mining But Won't Say How

Its new policy takes aim at mountaintop removal. But there are a lot of unanswered questions.
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Bank of America CEO Now Making Millions Of Dollars More For No Reason

The bank had a pretty bad year, but apparently the buck stops nowhere.
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