The Consumer Financial Protection Bureau cited improper overdraft fees, account freezes, auto repossessions and misapplied home loan payments that have harmed millions of consumers since 2011.
Tag: Wells Fargo & Company
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Wells Fargo Revives Policy That Led to Fake Job Interviews, With Tweaks
The bank will reinstate a requirement to assemble a “diverse slate” of job candidates while adding flexibility, according to an internal memo.
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When Customers Say Their Money Was Stolen on Zelle, Banks Often Refuse to Pay
Federal law requires banks to reimburse customers for unauthorized electronic transfers, but they often refuse, stranding victims.
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Federal Prosecutors Open Criminal Inquiry of Wells Fargo’s Hiring Practices
Authorities are investigating whether the bank violated federal anti-discrimination laws by conducting sham interviews of minority candidates.