BankingIndustry News

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...

Wells Fargo headlines: Fed May Ease Lending Curb on Wells Fargo to Help Small Businesses

From The New York Times: Small-business owners have so overwhelmed banks with requests for money — just days after the start of an emergency relief program — that Federal Reserve officials are considering easing restrictions...

Hold Wells Fargo responsible: Contractor Says Wells Fargo Must Face PPP Claims

From Law360: By McCord Pagan Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use...

Latest news

Uber news: Didi expands, inDriver monetizes to rival Uber, Bolt in Africa

From TechCrunch: The on-demand transport space in Africa has evolved since San Francisco-based ride-hailing firm Uber first set up operations...

Latest Comcast customer news: Apple TV+ is coming to Comcast devices

From Engadget: The Apple TV app has reached its final frontier: your cable provider's set-top box. According to Variety, Comcast...

FierceTelecom on Comcast: Comcast reels in 300K broadband subs as growth slows

From FierceTelecom: Comcast raked in 300,000 broadband net additions in Q3 2021, a figure that was less than half the...