Banking

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

ConsumerWatch: Banks Agree To Pay $8.5B For Foreclosure Abuse

U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis by agreeing to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners.

01/07/2013

Prepaid debit cards for sale (CBS)

ConsumerWatch: Regulations Eyed For Prepaid Debit Cards

At a hearing in North Carolina Tuesday, intended to start the process of writing rules to govern the rapidly expanding industry, Consumer Financial Protection Board Director Richard Cordray warned about the high fees that catch many consumers by surprise.

05/23/2012

A banking customer uses an ATM at a Wells Fargo Bank in Oakland (Justin Sullivan/Getty Images)

SF-Based Wells Fargo Imposing $7 Monthly Checking Fee

Wells Fargo customers in six states who had free checking accounts will pay $7 a month starting in May.

03/08/2012

The exterior of an Oakland Wells Fargo Bank branch. (Justin Sullivan/Getty Images)

Clergy Members Ask Wells Fargo To Repent During SF Foreclosure Protest

Dozens of clergy members and community activists rallied today outside the headquarters of Wells Fargo Bank in San Francisco in protest of what they say is rampant foreclosure abuse.

02/22/2012

home sale, mortgage, foreclosed, foreclosure, real estate, house

California To See Bulk Of Landmark Foreclosure Settlement

The five largest mortgage lenders have reached a $26 billion settlement with 49 states, including California, over foreclosure abuses that took place after the housing bubble burst, federal officials announced Thursday.

02/09/2012

(CBS)

ConsumerWatch: Should You Switch On National Bank Transfer Day?

Activists have marked Saturday, November 5th as Bank Transfer Day. With more than 40 dedicated Facebook pages, thousands of YouTube videos, and a top trending topic on Twitter, Bank Transfer Day seems to have everyone talking.

11/03/2011

Wells Fargo

Wells Fargo 3Q Profit Up 21 Percent, Revenue Slips

Wells Fargo & Co. on Monday said that its third-quarter profit jumped 21 percent, as write offs of bad loans dropped while deposits grew.

10/17/2011

(CBS)

ConsumerWatch: New Financial Options For The ‘Unbanked’

With more and more Bay Area residents relying on check cashing places for their financial services, rather than traditional banks, several non-profit organizations are stepping up to provide low-cost services for those living paycheck-to-paycheck.

10/05/2011

(AP)

ConsumerWatch: Feds Impose New Regulations On Mortgage Industry

The federal government on Wednesday ordered 16 of the nation’s largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.

KPIX 5 | CBS San Francisco–04/14/2011

A sign outside a Bank of America branch in San Francisco. (Justin Sullivan/Getty Images)

Outages For Bank Of America’s Online California Customers

California customers of Bank of America Corp. were again having problems accessing their accounts online Tuesday.

CONNECT WITH KCBS–03/01/2011

more

Follow

Get every new post delivered to your Inbox.

Join 54,001 other followers