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After the sales practices came a new scandal: Wells Fargo admitted it signed up hundreds of thousands of auto loan customers for auto insurance they did not need. Some of those customers had their cars repossessed because they.

Several days ago, I found a nice car that was in my price range. I went to my bank, Wells Fargo to apply for a loan. Unfortunately, I was turned down. Gathering my keys to leave, another bank teller handed my teller an envelope and.

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The board members riding that iconic Wells Fargo stagecoach must be feeling like they’re out. any other bank come to develop relationships with everyone from tellers to loan officers, most of whom are nice, honest people who want to.

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Wells Fargo has fired one of its most powerful executives for misconduct. The scandal-ridden bank said Friday that it fired Franklin Codel, head of the consumer lending division, which churns out mortgages and auto loans. But Wells Fargo.

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The Davis City Council voted late Tuesday to sever ties with Wells Fargo. that Wells Fargo has been devoted to.” The bank added that it is one of 17 financial institutions involved in financing the Dakota pipeline and that its loans equal 4.8.

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Wells. car loan, and arranged for the amount to be deducted from her bank account automatically. If she were not advised about the insurance and it increased her monthly payment to, say, $325, her account could become overdrawn.

. said he will announce action against Wells Fargo to hold it accountable for an auto insurance scam. Blumenthal said Wells Fargo charged more than 800,000 car loan customers for costly and unnecessary collision insurance, which.

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Here’s what happened: Interest rates offered on Wells Fargo mortgages typically carry expiration dates. Sometimes, those rates expire before the loan closes. The delay can be the bank’s fault or the borrower’s. If it’s the borrower’s fault,

San Francisco-based Wells Fargo acknowledged late Thursday that it enrolled roughly 570,000 auto loan borrowers for what’s known as collateral production insurance on their vehicles when the customers already had appropriate.

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president of the Wells Fargo’s Charleston area operations. He said the decentralized "community bank" business model enables executives to make most major decisions, from loans to philanthropy budgets, at the local level. "There is very.

Wells Fargo has been engulfed in scandal since admitting. The bank recently announced it had charged about 570,000 customers for auto insurance that they didn’t need, leading to some loan defaults and auto repossessions. (Victor J.

Yields on subprime auto-loan bonds rated BBB have fallen to within 65 basis points of those ranked AAA, down from 124 basis points a year ago, Wells Fargo data show. A basis point is 0.01 percentage point. Issuance of securities backed.

Sep 01, 2017  · Wells Fargo is offering a $200 cash rewards bonus after spending $1,000 in the first 3 months with the Wells Fargo Cash Wise Visa® Card…

Brown also called for stronger rules to guard against abuses. Senate banking committee Republicans also expressed anger at Wells Fargo misdeeds, which included charging some auto loan customers for car insurance that they didn’t.

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which offers forgivable loans for low-income families to cover the gap between the cost of a house and the maximum amount a buyer can borrow from the bank. In total, Wells Fargo said it has committed $5.15 million to New Orleans,