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Keyword: wellsfargo

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  • Mad Maxine Waters Gets President Trump’s Financial Records From Wells Fargo and TD Bank

    05/23/2019 12:36:11 PM PDT · by Kevin in California · 80 replies
    The Gateway Pundit ^ | 05-23-2019 | Cristina Laila
    Congresswoman Mad Maxine Waters has already obtained President Trump’s financial documents from Wells Fargo and TD Bank. NBC News reported that two out of nine financial institutions have already complied with subpoenas issued by the House Financial Services and handed over thousands of documents to the Committee.
  • Wells Fargo, TD Bank turn over Trump financial records to House Dems

    05/23/2019 11:52:24 AM PDT · by Innovative · 97 replies
    Fox News ^ | May 23, 2019 | Brooke Singman, John Roberts
    Wells Fargo and TD Bank have turned over President Trump’s financial records to the House Financial Services Committee, Fox News confirmed on Thursday, amid a contentious legal battle between the Trump administration and congressional Democrats seeking access to sensitive files. The committee, led by Chairwoman Maxine Waters, D-Calif., is one of several panels that have issued subpoenas and requests for Trump’s financial files.
  • Wells Fargo, TD Bank have already given Trump-related financial documents to Congress

    05/23/2019 5:53:07 AM PDT · by Alas Babylon! · 48 replies
    MSNBC Via MSN ^ | 3 May 2019 | Leigh Ann Caldwell and Alex Moe and Mike Memoli
    WASHINGTON — A key congressional committee has already gained access to President Donald Trump's dealings with two major financial institutions, two sources familiar with the House probe tell NBC News, as a court ruling Wednesday promised to open the door for even more records to be handed over. Wells Fargo and TD Bank are the two of nine institutions that have so far complied with subpoenas issued by the House Financial Services Committee demanding information about their dealings with the Trump Organization, according to the sources. The disclosures by these two banks haven't been previously reported. Both TD Bank and...
  • Wells Fargo Is `Too Big to Manage,' U.S. Lawmaker Maxine Waters Tells CEO

    03/15/2019 3:48:19 AM PDT · by Libloather · 47 replies
    The Street ^ | 3/12/19 | Bradley Keoun
    The scandal-plagued U.S. bank Wells Fargo & Co. (WFC) is "too big to manage," a top U.S. lawmaker told CEO Tim Sloan at a hearing Tuesday in Washington. Maxine Waters, a Democratic congresswoman who heads the U.S. House of Representatives' Financial Services Committee, said at the hearing that Wells Fargo is blighted by "ongoing lawlessness and failure to right the ship." Waters represents a district in southern California, where some of the San Francisco-based bank's alleged customer abuses first emerged. It was the first time Sloan has appeared before the House panel since Democrats took control of the chamber following...
  • Rep. Ocasio-Cortez's wild, wacky, and wonderful questioning of Wells Fargo chairman

    03/14/2019 5:36:36 PM PDT · by simpson96 · 27 replies
    American Thinker ^ | 3/14/2019 | Monica Showalter
    Rep. Alexandra Ocasio-Cortez should get her own reality TV show. It would be a comedy, of course, with cameras following her around to record a typical day in the life of the face of the Democratic party. Those cameras would record some of the most illogical, incoherent, idiotic, and just plain weird statements from a woman whose worldview has been shaped by socialism. That she's an ignoramus with a primary school understanding of most issues is a bonus. Yesterday, Ocasio-Cortez "grilled" the chairman of Wells Fargo, Timothy Sloan, asking him a series of bizarre questions about "caging migrant children" and...
  • WATCH: Ocasio-Cortez Tries To Grill Wells Fargo's CEO. He Destroys Her

    03/13/2019 5:22:03 AM PDT · by COBOL2Java · 93 replies
    DailyWire ^ | March 12, 2019 | Ryan Saavedra @realsaavedra
    Socialist Rep. Alexandria Ocasio-Cortez (D-NY) tried to grill Wells Fargo CEO Timothy Sloan during a House Financial Services Committee Hearing on Tuesday and ended up getting embarrassed. The hearing, held by Democrat Chairwoman Maxine Waters, was titled, "Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses." The Los Angeles Times reported: "Sloan was the first megabank chief executive whom Waters, an outspoken critic of Wells Fargo, summoned to appear before the House Financial Services Committee since she took over as its chairwoman in January following the midterm elections that gave Democrats control of the House." Ocasio-Cortez...
  • Ocasio-Cortez accuses stunned Wells Fargo CEO of financing the 'caging' of children

    03/13/2019 12:17:26 AM PDT · by knighthawk · 51 replies
    Fox News ^ | March 13 2019 | Gregg Re
    Wells Fargo CEO Tim Sloan fired back at New York Rep. Alexandria Ocasio-Cortez at a contentious hearing in Washington, D.C., on Tuesday, after the freshman legislator accused the bank of "financing the caging of children" and suggested it should bear financial liability for everything from oil spills to climate change. Ocasio-Cortez's inquiries come as activists increasingly seek to "deplatform" political opponents by cutting off their funding from banks and other financial services providers -- a concerted effort that conservatives and libertarians have said threatens free speech. House Financial Services Committee Chairman Maxine Waters, D-Calif., brought Sloan before the panel Tuesday...
  • Wells Fargo suffers widespread outage of ATMs, mobile banking capabilities

    02/07/2019 9:49:42 AM PST · by rintintin · 35 replies
    Fox Business ^ | Feb 7 2019 | Ken Martin
    Customers of Wells Fargo are reporting an outage affecting the big bank's ATMs as well as online and mobile banking. A customer service representative said it is a nationwide outage. KULR-TV in Montana is reporting that a bank employee said the outage is a result of a fire at a server farm located in Shoreview, Minnesota
  • Wells Fargo Agrees to Pay $575 Million to Resolve State Investigations

    12/28/2018 10:20:53 AM PST · by bgill · 28 replies
    nytimes ^ | Dec. 28, 2018 | Stacy Cowley
    Wells Fargo has agreed to pay $575 million to resolve investigations by all 50 states and Washington, D.C., into a range of practices, the latest chapter in the bank’s long-running legal problems. The deal ends investigations that began after federal regulators revealed in September 2016 that Wells Fargo employees had for years opened millions of unauthorized bank accounts in customers’ names. The employees said they had done so because they feared losing their jobs if they could not meet the bank’s aggressive sales goals. The agreement comes after New York reached a separate, $65 million settlement with Wells Fargo in...
  • Wrongly Convicted Former Rep. Steve Stockman Sentenced to 10 Years in Prison

    11/12/2018 7:48:43 AM PST · by Kaslin · 27 replies
    Townhall.com ^ | November 12, 2018 | Rachel Alexander
    Democrats are gloating over the sentencing of former Rep. Steve Stockman (R-Texas) last week. He was ordered to serve 10 years in prison for the vague charges of mail fraud, wire fraud and money laundering. Whenever prosecutors want to get someone who hasn’t actually committed a crime, they use those vague but scary sounding charges. He was also ordered to pay $1,014,718.51 in restitution, to be divided between him and two other co-defendants.What did Stockman actually do to warrant this? He facilitated four donations from two donors totaling $915,000 to two nonprofits he was associated with. One of the nonprofits...
  • Bank exec who reportedly referred to female colleagues as "girls" to retire

    11/10/2018 6:34:15 AM PST · by ConservativeStatement · 40 replies
    CBS Moneywatch ^ | November 9, 2018, | Kate Gibson
    A Wells Fargo executive who reportedly referred to women bank employees as "girls" or told them to put their "big girl panties on" will step down next year. Without addressing claims made against him, Wells Fargo confirmed that private bank head Jay Welker would retire effective March 31. His coming retirement was first reported by the Wall Street Journal, which cited an internal memo. A complaint against Welker was part of a larger internal investigation into allegations of discrimination by female executives in Wells Fargo's wealth management unit, the newspaper said. The bank spent months interviewing dozens of women after...
  • Wells Fargo says it improperly foreclosed on more borrowers than originally estimated

    11/06/2018 3:49:32 PM PST · by Leaning Right · 10 replies
    LA Times ^ | NOV 06, 2018 | JAMES RUFUS KOREN
    Wells Fargo & Co. acknowledged Tuesday that it failed to offer mortgage modifications to hundreds more borrowers than were due them and that many ultimately lost their homes because of the error. *snip* Now, in a regulatory filing released Tuesday, the bank said it improperly denied modifications to 870 borrowers — nearly 40% more than first thought — and that 545 of those borrowers later lost their homes.
  • Why Does Wells Fargo Still Exist? (The bank isn't just "too big to fail." It's too big to fix.)

    08/25/2018 2:17:54 PM PDT · by Ultra Sonic 007 · 42 replies
    The Huffington Post ^ | 8/25/2018 | Zach Carter
    Wells Fargo executives know that everyone hates them. In the last two years, the bank has launched three separate marketing campaigns hoping to clean up its public image, only to see each effort thwarted by fresh, catastrophic scandals ― like wrongly repossessing 27,000 cars and foreclosing on 400 families for no reason. The bank’s latest quarterly filing with the Securities and Exchange Commission dedicates more than 2,000 words to “Additional Efforts To Rebuild Trust,” listing “automobile lending,” “mortgage interest rate lock extensions,” “consumer deposit account freezing/closing,” “certain activities within wealth and investment management,” “foreign exchange business,” “fiduciary and custody account...
  • Facebook Wants Your Bank Info, Corporations Push Financial Blacklist Gun Control

    08/08/2018 6:10:51 AM PDT · by Liberty7732 · 14 replies
    Breitbart ^ | 08/08/18
    Facebook is asking banks to share customer’s financial information in a climate where corporate America is blacklisting gun manufacturers and businesses or groups that support the Second Amendment. On March 23, 2018, Breitbart News reported Citibank’s new corporate gun controls which bar gun store customers from selling “high-capacity” magazines and require those same stores to refuse long gun sales to 18 to 20-year-old Americans, even though it is legal to sell long guns to 18 to 20-year-olds. On March 30, 2018, Breitbart News reported that Interfaith Center on Corporate Responsibility (ICCR), which has $634 billion in assets, joined the gun...
  • Facebook to Banks: Give Us Your Data, We’ll Give You Our Users

    08/06/2018 9:28:09 AM PDT · by bitt · 53 replies
    WSJ ^ | 8/6/2018 | Emily Glazer, Deepa Seetharaman and AnnaMaria Andriotis
    The social media giant has asked large U.S. banks to share detailed financial information about their customers, including card transactions and checking account balances, as part of an effort to offer new services to users. Facebook increasingly wants to be a platform where people buy and sell goods and services, besides connecting with friends. The company over the past year asked JPMorgan Chase JPM +0.25% & Co., Wells Fargo & Co., Citigroup Inc. C +0.20% and U.S. Bancorp USB +0.40% to discuss potential offerings it could host for bank customers on Facebook Messenger, said people familiar with the matter. Facebook...
  • Wells Fargo refunding 'hundreds of thousands' customers for add-on products like legal services

    07/19/2018 8:48:06 AM PDT · by SeekAndFind · 12 replies
    CNBC ^ | 07/19/2018 | Liz Moyer
    Wells Fargo & Co. is refunding hundreds of thousands of customers tens of millions of dollars for account add-on products such as legal services or insurance, Dow Jones reported, citing people familiar with the matter. Wells Fargo shares were lower by 0.3 percent in early trading Thursday. The Consumer Financial Protection Bureau is looking into the matter, the report said. Wells Fargo first disclosed issues with add-on products in its second quarter regulatory filing last year. In its most recent filing in May it said practices related to consumer add-on products like identity theft and debt protection were the subject...
  • Ok, I’m Triggered By The Wells Fargo Ad That Just Aired. (Vanity)

    06/30/2018 1:50:06 PM PDT · by CrimsonTidegirl · 133 replies
    I’m not accustomed to posting vanities so please be patient with me. I was watching the World Cup and a Wells Fargo Ad just aired. In the Ad, two white American males were walking down the street and one man was lamenting the fact that the US didn’t qualify for the World Cup. His friend then gets a notification on his phone from Wells Fargo stating that someone charged thousands of dollars on his account at the Mexican fan store. The first guy is alarmed and believes his friend’s account has been hacked. His friend then grins and opened up...
  • Wells Fargo Rejects Union Demand to Act Against Gun Dealers

    05/01/2018 8:10:00 AM PDT · by EagleUSA · 11 replies
    Zacks Equity Research ^ | 5/1/2018 | Not Given
    Troubles for Wells Fargo & Company (WFC - Free Report) seems to have no end. This time they come from a teacher’s union — The American Federation of Teachers (“AFT”) — demanding the bank to restrain itself from providing finance to gun dealers and the National Rifle Association (“NRA”). After the recent tragic incident at a high school that took lives of innocent students and educators, AFT’s President Randi Weingarten raised concerns over Wells Fargo’s connections with the gunmakers and NRA. In a release issued on Apr 7, the union disclosed plans to discontinue the Wells Fargo mortgage program offering...
  • Wells Fargo Pays $1 Billion to Federal Regulators

    04/20/2018 9:18:30 PM PDT · by catnipman · 71 replies
    NYslimes ^ | 4/20/2018 | MATTHEW GOLDSTEIN
    Wells Fargo will pay two federal regulators a total of $1 billion to settle an array of investigations into its mortgage and auto-lending practices. Customers were forced to pay for extending the length of so-called interest rate locks on mortgage applications even when the bank was responsible for delays in the application process. Thousands of customers who bought cars with loans from Wells Fargo were forced to buy unnecessary insurance policies from the bank with premiums that topped a $1,000 a year. The bank said the policies could have contributed to about 27,000 customers having their cars repossessed after defaulting...
  • Teachers union dumps Wells Fargo mortgage promotion for members over bank's gun-industry ties

    04/20/2018 8:24:29 AM PDT · by Skywise · 26 replies
    CNBC ^ | August 19 2018 | Liz Moyer
    The nation's second-largest teacher's union has ended a promotional program with Wells Fargo, citing the bank's continued ties to the gun industry. The American Federation of Teachers, representing 1.7 million workers, said it removed the Wells Fargo mortgage program from its member benefits site effective Thursday. The union had attempted to discuss its issues with Wells Fargo management but didn't get a response, it said in a letter Thursday that was reviewed by CNBC.