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Report predicts Wells Fargo will lose customers in 2019
A management consultant cites increasing complaints from customersBy Mark Huffman of ConsumerAffairsOctober 11, 2018This story has been updated to include a response from Wells Fargo.A report by a...
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Sen. Warren pushes for removal of Wells Fargo CEO
Warren is urging the Fed to maintain growth limits on the bankBy Mark Huffman of ConsumerAffairsOctober 19, 2018Sen. Elizabeth Warren (D-Mass.), a harsh critic of Wells Fargo from the earliest days of...
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Wells Fargo reveals more erroneous foreclosures
The bank reports additional mortgage customers were wrongly denied a modificationBy Mark Huffman of ConsumerAffairsNovember 7, 2018Wells Fargo still hasn't completely put its bad news behind it. The...
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Wells Fargo offers $25k to man whose home was wrongly foreclosed
He says that wont begin to cover the financial losses, and he can no longer even rent a home due to his creditBy Amy Martyn of ConsumerAffairsDecember 6, 2018Last month, Wells Fargo admitted in an SEC...
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Wells Fargo agrees to pay $575 million to settle state investigations
The agreement follows years worth of legal troublesBy Sarah D. Young of ConsumerAffairsDecember 31, 2018Wells Fargo has agreed to pay $575 million to settle allegations made by all 50 states and the...
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Wells Fargo settles claims with California for $5 million
The company surrendered its insurance license as part of the agreementBy Gary Guthrie of ConsumerAffairsJanuary 3, 2019Wells Fargo has agreed to pay the state of California $5 million to settle claims...
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Wells Fargo systems hit with an outage
ATMs have gone down, along with online and mobile bankingBy Mark Huffman of ConsumerAffairsFebruary 7, 2019Wells Fargo customers found they couldnt access their online bank accounts Thursday, nor could...
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Wells Fargo escalates redress of consumer law violations
Consumers who still havent gotten satisfaction now have new optionsBy Mark Huffman of ConsumerAffairsMarch 4, 2019As the result of a recent settlement with all 50 states, Wells Fargo has established a...
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Wells Fargo CEO Tim Sloan announces retirement from company
The executive says the company will be more successful moving forward without himBy Christopher Maynard of ConsumerAffairsMarch 29, 2019Following a whirlwind of scandals and regulatory actions, Wells...
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Wells Fargo settles fake account scandal for $3 billion
Employees opened millions of unauthorized checking and credit card accountsBy Mark Huffman of ConsumerAffairsFebruary 24, 2020More than three years after the scandal was first revealed, Wells Fargo has...
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Wells Fargo closes the Paycheck Protection Program loan window
Bank of America and JPMorgan Chase have also been deluged with loan applicationsBy Gary Guthrie of ConsumerAffairsApril 6, 2020Wells Fargo & Company announced late Sunday that it has stopped...
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Federal Reserve temporarily removes Wells Fargo’s asset cap
The Fed says its still holding the bank accountable for its past misdeedsBy Sarah D. Young of ConsumerAffairsApril 9, 2020In the midst of the coronavirus pandemic, the Federal Reserve will temporarily...
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Wells Fargo to temporarily stop offering home equity lines of credit
The bank joins JPMorgan Chase in halting HELOCs in response to economic uncertaintyBy Sarah D. Young of ConsumerAffairsMay 1, 2020Amid uncertainty stemming from the coronavirus pandemic, Wells Fargo is...
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Wells Fargo facing investigation over handling of PPP loans
The bank said it received both formal and informal inquiries regarding its lending practicesBy Sarah D. Young of ConsumerAffairsMay 6, 2020Federal and state authorities have launched an investigation...
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Wells Fargo fires more than 100 employees for fraudulently taking COVID-19...
To date, billions in suspicious payments have been made to ineligible recipientsBy Gary Guthrie of ConsumerAffairsOctober 15, 2020Wells Fargo & Co. has fired more than 100 employees that the...
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Wells Fargo tells customers it’s closing their personal lines of credit
The bank acknowledges that the action may affect credit scoresBy Mark Huffman of ConsumerAffairsJuly 9, 2021Wells Fargo has told its customers who have opened one of the banks personal lines of credit...
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Wells Fargo may be under investigation again
The Labor Department is said to be examining the bank's 401(k) practicesBy Mark Huffman of ConsumerAffairsApril 27, 2018Wells Fargo may be the subject of a government probe of how the bank handles...
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Wells Fargo ordered to pay over $97 million to California workers
The bank adds another blemish to its marred recordBy Kristen Dalli of ConsumerAffairsMay 11, 2018Late Tuesday, a federal judge ordered Wells Fargo to pay over $97 million to California mortgage workers...
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Wells Fargo Advisors settles improper trading charges
The SEC says the bank pushed investment clients into multiple transactions to reap high feesBy Mark Huffman of ConsumerAffairsJune 26, 2018Wells Fargo has agreed to a settlement with the Securities and...
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Wells Fargo may be preparing more customer refunds
Customers who paid for pet insurance and legal services could get their money backBy Mark Huffman of ConsumerAffairsJuly 20, 2018More Wells Fargo customers may be in line for refunds.The bank, which...
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