One question that remains unanswered has to do with the impact of these fake accounts on the affected customers’ credit scores.
U.S. regulators say Wells Fargo, one of the nation’s largest banks, opened about 1.5 million bank accounts and applied for 565,000 credit cards that may not have been approved or…
Now Chase and a slew of other big U.S. banks want to create a single “QuickPay” of sorts to better compete with Venmo’s money-transfer app, which is growing incredibly fast in popularity.
Big banks reportedly are trying to restrict the stream of financial data moving into personal-finance sites and applications that help consumers with budgeting, paying bills and keeping track of all banking and investment accounts.
Issues with debt collectors, mortgage servicers and credit reporting agencies made up the top three categories in the U.S. Consumer Financial Protection Bureau’s first monthly report on complaint volume. Consumer…
JPMorgan Chase, Bank of America and Wells Fargo Bank each reported more than $350 million in overdraft fees for the first quarter.
Wells Fargo supervisors drove employees to open unauthorized accounts for customers, improperly charging them fees and wrongly reporting them to credit agencies — all part of a “fee-generating machine” riddled…
Some homeowners who were wrongly denied mortgage modifications or other assistance from Wells Fargo should get relief soon after a federal judge ruled this week that the bank was in breach of a 2010 settlement.
Wells Fargo is allowing customers to cash out their credit card rewards at any of its 12,500 ATMS nationwide, making the bank the first major U.S. financial firm to provide such a service to its customers.
Do this, Oates urges, “to show the rest of the United States, if not the world, that, yes, big corporations can have a heart other than philanthropic endeavors.”