BankingIndustry News

Take action against Wells Fargo: Wells Fargo urges small business customers to consider other banks for SBA relief loans amid crush of demand

From San Francisco Business Times: Wells Fargo ended a rocky week with the SBA Paycheck Protection Program, still accepting "expressions of interest" from its small business customers but telling them they might be better off...

Hold Wells Fargo responsible: Wells Fargo CEO apologizes for saying the Black talent pool is limited

From CNN: New York (CNN Business)Wells Fargo CEO Charlie Scharf has apologized after he reportedly blamed the lack of diversity at the bank on "a very limited pool of Black talent to recruit from." In a...

Wells Fargo customers take note: Wells Fargo CEO’s comments about diverse talent anger some employees

From CNBC: Wells Fargo Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified...

Law360 on Wells Fargo: Calif. Judge Ships Wells Fargo ERISA Suit To Minnesota

From Law360: Law360 (September 21, 2020, 9:14 PM EDT) -- A California federal judge granted Wells Fargo's bid to transfer a proposed Employee Retirement Income Security Act class action to Minnesota on Monday, holding that...

Top Wells Fargo story from Law360: Calif. Judge Ships Wells Fargo ERISA Suit To Minnesota

From Law360: Law360 (September 21, 2020, 9:14 PM EDT) -- A California federal judge granted Wells Fargo's bid to transfer a proposed Employee Retirement Income Security Act class action to Minnesota on Monday, holding that...

Hold Wells Fargo responsible: Former Wells Fargo execs fined for roles in sales scandal

From Fox Business: WASHINGTON - A U.S. bank regulator announced Monday it had fined three former executives at Wells Fargo Bank for their roles in the company's sales practices scandal. The Office of the Comptroller of...

Hold Wells Fargo responsible: Wells Fargo to pay millions in back wages after hiring discrimination against Black applicants

From The Mercury News: Wells Fargo has agreed to pay $7.8 million in back pay after being accused of hiring discrimination against more than 34,000 Black applicants who were seeking an array of jobs at...

Take action against Wells Fargo: Lawsuit alleges Wells Fargo unfairly shuffled Paycheck Protection Program applications

From USA TODAY: A California-based company filed a class-action lawsuit against Wells Fargo citing unfair actions against some small businesses seeking government-sponsored coronavirus relief under the Paycheck Protection Program. In March, the Treasury Department announced...

Latest news

PayPal headlines: Fact check: Treasury proposal wouldn’t levy new tax on PayPal, Venmo transactions

From USA TODAY: A proposal from the Department of the Treasury aimed at decreasing tax avoidance has become the subject...

T-Mobile customers take note: AT&T says it has big problems. A T-Mobile salesman showed me how big

From ZDNet: I've missed going to phone stores. This may not be a sentence you've heard from too many people lately,...

TechCrunch on PayPal: This Week in Apps: PayPal launches ‘super app,’ Twitter adds crypto tips, Apple won’t take Fortnite back

From TechCrunch: Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS...