Wells Fargo Sued, Accused Of Opening Accounts Without Customer KnowledgeA Wells Fargo customer is suing the bank, accusing it of deceiving customers by giving them new accounts and credit cards without their knowledge.
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California Credit Union Members Getting $18 Million Giveback GiftA Sacramento-based credit union said it will give back $18 million to more than 500,000 of its members statewide.
Apple Pay Allegedly Double-Charged Bank Of America CustomersSome Bank of America customers are claiming they're been double-charged on transactions made using Apple Pay.
ConsumerWatch: Banks Agree To Pay $8.5B For Foreclosure AbuseU.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.
ConsumerWatch: Regulations Eyed For Prepaid Debit CardsAt 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.
SF-Based Wells Fargo Imposing $7 Monthly Checking FeeWells Fargo customers in six states who had free checking accounts will pay $7 a month starting in May.
Clergy Members Ask Wells Fargo To Repent During SF Foreclosure ProtestDozens 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.
California To See Bulk Of Landmark Foreclosure SettlementThe 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.
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.
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.
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.