Wells Fargo

Wells Fargo Facing Class-Action Lawsuit

(CNN) - Wells Fargo is facing a lawsuit. A company based in California claims the bank performed unfair actions against some smaller organizations that sought financial relief from the Paycheck Protection Program. That's according to USA Today. Last month…

Wells Fargo To Boost Minimum Wage To $20 Per Hour

(CNN) - Wells Fargo is raising the minimum wage for 20,000 of its employees. The new wage for bank locations will go up to $15.00 to $20.00 per hour by the end of 2020. The bank also announced two…

Wells Fargo Settles $6 Million Lawsuit With Navajo Nation

(CNN) - Wells Fargo will be paying the Navajo nation millions of dollars because of alleged shady sales tactics. The bank has agreed to pay the Native American tribe $6.5 million  to settle a 2017 lawsuit. The suit alleges…

Wells Fargo Sells Retirement Plan Unit For $1.2 Billion

(CNN) - Wells Fargo is retiring from the retirement business. The bank sold it's institutional retirement and trust business to principal financial Tuesday. The unit serves 7.5 million retirement customers with offerings like 401(K), pension and employee stock ownership…

Wells Fargo Paying $575M To Settle Fake Account Claims

(CNN) - Wells Fargo agreed to pay $575-million Friday to settle a slew of lawsuits against the company. The bank will pay all 50 states and Washington D.C. after it admitted in 2016 to opening more than three million…

Wells Fargo: Hundreds Lost Homes Due to Glitch

(CNN) - Wells Fargo says hundreds of customers lost their homes because of a computer glitch. The issue came to light in a regulatory filing showing that software mistakenly denied about 625 home-owners mortgage modifications. In about 400 cases,…

Wells Fargo Refunds for "Add-On" Products

(CNN) - Wells Fargo is paying up for another costly misstep. The bank is now refunding customers who were charged for pet insurance, home warranties, or other types of insurance. According to the wall street journal, thousands of customers…

Masked Man Robs Columbus Bank

Columbus Police need your help tracking down a man who robbed a Columbus bank over the weekend. It happened Saturday around 11:00 a.m. at the Wells Fargo on 18th St. The man walked into the bank, showed a gun…

Wells Fargo Accused of Misconduct Again

(CNN) - But Wells Fargo bank is facing a penalty for reportedly scamming its clients; again. This time, the security and exchange commission says the bank took advantage of its brokerage clients holding market-linked investments. That's a type of…