Wells Fargo

Lawmaker presses Wells Fargo on checking account refunds

11/22/19

Rep. Katie Porter, D-Calif., wants details about refunding "hundreds of millions of dollars" in fees improperly charged on checking accounts. Wells has acknowledged the potential problem but hasn't estimated how much it owes.

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Fed eyeing banks’ technology vendors; Wells questioned on fees

11/22/19

Banks’ third-party technology providers may face increased scrutiny; Rep. Porter wants more data about "confusing" checking account fees.

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Banks top credit unions in customer satisfaction, survey finds

11/21/19

New American Customer Satisfaction Index data shows consumers slightly favored banks, which are benefiting from investments in technology.

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Wells Fargo's Modjtabai to exit as Scharf shapes leadership

11/21/19

Avid Modjtabai, who runs Wells Fargo's payments and technology innovation unit, is leaving the firm as new Chief Executive Officer Charlie Scharf continues to shake up top management.

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Ghost funding and sandbagging: Wells Fargo’s sales tactics on trial

11/20/19

A lawsuit filed by a New Jersey branch employee who was fired in 2016 includes detailed allegations about the pressure that front-line workers faced to meet monthly sales targets. The case is scheduled to go to trial in February.

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USAA won $200M from Wells Fargo in patent fight. Will others be on the hook?

11/18/19

The remote deposit capture tech at the center of the dispute is used by 6,500 institutions. That may mean other institutions will have to pay licensing fees to USAA.

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OCC plans CRA changes; Goldman promotes more women

11/15/19

The FDIC and the Fed have yet to sign on to the plan; this year’s managing director class includes fewer overall, but a higher percentage are women.

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Wells Fargo's former interim CEO Parker to leave in March

11/14/19

Allen Parker, who led Wells Fargo during its six-month search for a new chief executive, will leave the bank next year.

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Google to partner on checking accounts; Wells pushes for rebates

11/13/19

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018.

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Daley reunites with Scharf at Wells; Capital One demotes cybersecurity chief

11/08/19

The two previously worked at BNY Mellon in similar roles, Scharf as CEO and Daley as head of public affairs; Michael Johnson’s demotion follows the bank’s massive data breach in July.

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