Wells Fargo

Trump's CFPB pick is... who?; muni issuers still avoid Wells

06/18/18

Little-known Office for Management and Budget official Kathy Kraninger would succeed acting director Mick Mulvaney, her OMB boss; Wells Fargo still faces the big chill from several big cities and states.

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USAA vs. Wells, BofA's Erica, SARs relief: Top stories of the week

06/15/18

Wells Fargo on the receiving end of USAA's long-standing intellectual property threat; millions are mad about Erica, Bank of America's virtual assistant; relief may be in reach for bankers fed up with SARs; and more from this week's most-read stories.

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Banks took wide-ranging actions to head off more sales abuses: OCC

06/15/18

The agency has provided new information about changes large and midsize banks are making in the wake of the Wells Fargo scandal, but Senate Democrats continue to press for more details.

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Judge approves Wells' $142M settlement of fake accounts lawsuit

06/15/18

The settlement applies to customers who had accounts opened without their consent over a 15-year period beginning in May 2002.

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What's hot — and what's not — in retail banking: A midyear update

06/13/18

Competition for deposits is heating up as summer approaches, and banks are responding in all sorts of ways — from launching digital-only platforms to raising CD rates to reviving debit rewards. But rising interest rates could weaken demand for loans, especially mortgages.

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One size fits none in quest to define ideal bank board

06/13/18

Everyone agrees good corporate governance involves a board that is just the “right” size and has a “good mix” of knowledgeable insiders and independent watchdogs. But setting bright-line rules for banks as varied as M&T, Wells Fargo and Eastern Bank is hard.

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OCC’s Otting in congressional hot seat: 6 takeaways

06/13/18

In his inaugural hearing as comptroller of the currency, Joseph Otting defended his decision not to publicly rebuke banks for Wells Fargo-like problems.

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Wells Fargo's cave to Square drags small banks into the fee fight

06/13/18

The simplified pricing of fintechs like Square and Stripe has finally caught up with banks' more complex fees, prompting Wells Fargo to restructure its billing for small businesses. Other banks will also face consequences—particularly community banks that depend on local merchants.

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Wells Fargo simplifies payments pricing to compete with Square

06/12/18

The changes are designed to remove the complex set of fees that could vary from one mercant to another.

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Is USAA vs. Wells Fargo the start of a broader patent war?

06/11/18

USAA's lawsuit accusing Wells of infringing on its remote-deposit patents is new territory: bank-on-bank fights over intellectual property.

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