All Posts Tagged With: "Wells Fargo"
Wells Fargo (NYSE: WFC) Set To Stop Offering Debit Card Rewards
Wells Fargo (NYSE: WFC) recently announced that they will stop offering new banking customers debit card rewards beginning this April. Wells Fargo joins other banks who have also recently announced similar cuts. As of April 15th new Wells Fargo customers will no longer be able to enroll in a debit card rewards program. Current debit [...]
Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) Penalties Likely to End “No Money Down” Programs
As banks face penalties for abuse mortgage practices and sketchy foreclosure practices, lenders begin looking for larger down payments for borrowers looking to buy houses. Penalties faced by the nations largest banks, Bank of America, Wells Fargo and Citigroup are expected to run into billions of dollars as a result of the banks automatically signing [...]
Fines Likely For Bank of America and Wells Fargo (NYSE: BAC, NYSE: WFC)
In recent years, millions of homeowners have struggled to maintain their mortgage payments and avoid foreclosure. Combined, the economic and housing crisis has resulted in many of these homeowners either losing their home or facing years of financial strain. What made matters worse for many was the inability or unwillingness of lenders to try to [...]
Baby Rescued From Inside Wells Fargo (NYSE: WFC) Bank Vault
Rescue workers in Conyers, GA worked for several hours this week to free a 14 month old baby from a Wells Fargo (NYSE: WFC) bank vault. The baby and baby’s mom were reported as relatives of a bank employee and were still inside the Wells Fargo branch at closing time. Apparently, the baby wandered from [...]
Wells Fargo, (NYSE: WFC) Bank Of America (NYSE: BAC) and Others Expecting Fines On Foreclosures
Two of the largest mortgage holder in the country both Wells Fargo & Co (NYSE: WFC) and Bank of America Corp (NYSE: BAC) are expecting that they will be faced with fines or some type of enforcement action as a result of investigations into their procedures pertaining to foreclosures. Both Bank Of America and Wells [...]
Wells Fargo (NYSE: WFC) Contributes $11.8 Million to Habitat for Humanity in 2010
In June of 2010, Wells Fargo (NYSE: WFC) made a commitment to the Habitat for Humanity of $8 million dollars. They have supported the affordable housing work of the Habitat for almost 20 years. Wells Fargo’s actual 2010 contribution was $11.8 million which helped support the Habitat’s efforts to revitalize United States communities hit hardest [...]
It’s Full Steam Ahead For Wells Fargo (NYSE: WFC)
While other banks are still trying to dig themselves out of a hole from effects of the financial crisis, Wells Fargo (NYSE: WFC) is off and running. The fourth largest lender is the country has been viewed by analyst as the top commercial bank in terms of assets. Wells Fargo came in second only to [...]
Wells Fargo (NYSE: WFC), US Bancorp (NYSE: USB) Loses Big-Time Foreclosure Case in Massachusetts
Wells Fargo & Co (NYSE: WFC) along with US Bancorp (NYSE: USB) has lost a foreclosure case in the highest court of Massachusetts this week. The result will have an impact on the way lower state courts deal with banking regulations and real estate law. The state Supreme Judicial Court has upheld a judge’s decision [...]
Wells Fargo (NYSE: WFC) Continues To Struggle Satisfying Homeowners With Make Home Affordable Program
Homeowners that have a Wells Fargo or Wachovia home loan are only a small section of homeowners that have had difficulty meeting their monthly mortgage payments in these tough economic times. As a result, many of these homeowners have pursued trial modifications on their home loans to help them find a more permanent solution to [...]
Wells Fargo (NYSE: WFC) To Forgive Student Loans When Loan Holder Dies Or Becomes Disabled
The timing is certainly interesting. As a bill currently sits waiting for a Senate vote on the issue of debt forgiveness for student loans, Wells Fargo (NYSE: WFC) changes its policy. Wells Fargo announced that starting later this week they will no longer pass student loan debt onto the loan co-signer in the event of [...]
Wells Fargo (NYSE: WFC) is the Most Valuable US Bank
Wells Fargo (NYSE: WFC) is not the biggest bank in the US but of late it has become the most valuable. Its stock market value makes it the largest US valued bank. The purchase of the Wachovia Corporation as part of its assets acquisitions during the credit crisis helped put the bank in such a [...]
Wells Fargo (NYSE: WFC) Allows Customers to Track Spending from their ATMs
The holiday season often leads to people over-spending on their holiday purchases for family and friends. People that use credit cards are often the ones who fall victim to this faster, and not just because of the interest charges that are also tacked on to those purchases. As is often the case credit card users [...]
ATM Cash Tracker Service for Wells Fargo (NYSE: WFC) Customers
On December 8th 2010, Wells Fargo (NYSE: WFC) released its ATM Cash Tracker tool. This specifically helps the bank’s customers manage their ATM Withdrawals. Cash Tracker allows customers to set a target withdrawal amount from ATMs and also enables them to track precisely their monthly withdrawals from Wells Fargo ATMs. This is a first amongst [...]
City of Baltimore Loses Lawsuit against Wells Fargo (NYSE: WFC) Again
In 2008, the City of Baltimore filed a lawsuit against Wells Fargo (NYSE: WFC) arguing the Bank’s lending practices were responsible for foreclosures that harmed the city. It was argued by the city, that Wells Fargo gave mortgages to people who did not have the resources to service the loans. As a result the city [...]
Wells Fargo (NYSE: WFC) Will Pay Citigroup $100M In Lawsuit Concerning Wachovia
It’s been announced that Wells Fargo (NYSE: WFC) & Co. has reached an agreement to pay Citigroup (NYSE: C) Inc. $100 million as part settlement concerning the disputed acquisition of Wachovia Corp. back October 2008, at the apex of the financial meltdown. The case centers on Wells Fargo’s backroom deal to wrest the failing bank [...]
Fraud Prevention Tips for the Holiday Season From Wells Fargo (NYSE: WFC)
Fraud can happen at any time, and Wells Fargo is giving advice on fraud prevention just in time for the busiest shopping days of the year. Whether shopping online, on a mobile device, or in a store, these tips are sure to help everyone protect themselves against fraud. As stated on Market Watch, “During the [...]
Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) Settle Dispute over Wachovia
Wells Fargo (NYSE: WFC) has agreed to pay $100 million to Citigroup Inc. (NYSE: C)as a result of a court decision in New York. The dispute between Citigroup and Wells Fargo was over Wells Fargo’s acquisition of the 227 year old Wachovia bank in 2008. Wachovia is a North Carolina based bank. Poor real estate [...]
Wells Fargo (NYSE: WFC) Giving Customers a Chance to Win $50,000
Wells Fargo & Company announced their first “combined Online Banking and Online Statement Sweepstakes” that will run until December 15, 2010. Throughout the sweepstakes period, personal and business customers from Wells Fargo and Wachovia who sign up for online banking, sign into an online banking session, and/or switch to online delivery of their statement, will [...]
Wells Fargo (NYSE: WFC) and Wachovia Announce Online Banking and Statements Sweepstakes
Beginning in late November 2010 Wells Fargo (NYSE: WFC)and Wachovia announced to their customers the opportunity to win $50,000 or one of fifty $1000 prizes. The opportunity to win one of the prizes comes through using online banking and applying for online or paperless statements. Executive vice president of Wells Fargo Internet Services Group, Stephanie [...]
Wells Fargo (NYSE: WFC) Helps People Keep a Roof over Their Head
Grants totaling $5 million and help from Wells Fargo volunteers will be given by Wells Fargo Housing Foundation to nonprofit housing organizations in 34 communities. The head of the Wells Fargo Social Responsibility Group, John R Campbell said, “We are committed to helping communities grow and thrive. Priority Markets grants help cities and nonprofit partners [...]
Wells Fargo (NYSE: WFC) Tops SBA List of Top Lenders With A $59 Million Loan To California Small Businesses
Recently Wells Fargo (NYSE: WFC) announced that it had been named the top SBA 7(a) lender for Los Angeles County, California. This marks the second consecutive year that the company issued loans to small business owner, generating both numbers and units. During the 2010 federal fiscal year (which ended back on September 30th) Wells Fargo [...]
Wells Fargo (NYSE: WFC) Foreclosure Paperwork Also Flawed
After insisting their foreclosure paper work was in order, Wells Fargo (NYSE: WFC)has been caught out after discovering mistakes in its documents. This is not the first company to acknowledge foreclosure paperwork mistakes, Bank of America admitted to numerous foreclosure paperwork mistakes last week. Like other lenders, Wells Fargo failed to set systems in place [...]
Wells Fargo (NYSE: WFC) Claims Responsibility For Errors On Foreclosure Paperwork
In a recent announcement representatives of Wells Fargo (NYSE: WFC) admitted that the company made serious mistakes in the paperwork filed for thousands of foreclosures cases. The company further stated that it would do everything possible to correct the problems. The Des Moines-based mortgage unit for the big bank planned to re-file documents for 55,000 [...]
Wells Fargo’s (NYSE: WFC) Plan to Educate Customers
With assets of $1.2 trillion dollars, Wells Fargo (NYSE: WFC) is one of North America’s Fortune 500 companies. With a history that goes back to the nineteenth century, the value of its history is such, that when it was purchased by the Minneapolis based Norwest Corporation, the new owners decided to keep the famous brand [...]
Bank of America (NYSE: BAC) Cuts Out Free Checking Offers
Bank of America (NYSE: BAC) announced this week it is making some big changes to its basic checking account services. The bank will discontinue offering totally free checking accounts to its new customers. Now the bank will impose stipulations on basic checking accounts including minimum balance requirements and out-of-branch-only banking. The move by Bank of [...]
Deceptive Mortgage Claims Will Cost Wells Fargo (NYSE: WFC) $71 Million
Wells Fargo Home Mortgage agreed to pay the state of New Jersey $3.98 million, and 900 residents $67 million over claims that subsidiaries were deceptively marketing adjustable rate mortgages. This according to a recent post appearing on Law.com. This agreement ends a state wide investigation of some of the mortgages sold by Wachovia Corp., Golden [...]
Wells Fargo (NYSE: WFC) Securities and the World Bank Announced Program For Investment Opportunity Expansions In U.S. Retail Sector
The Wells Fargo Securities, a division of Wells Fargo & Co. (NYSE: WFC), has partnered with the World Bank Treasury to create a program that is designed specifically to offer new investment opportunities in the form of World Bank notes. The effort is targeted at U.S. retail investors. Wells Fargo Securities is meant to act [...]
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