Wells Fargo Fires Head Of Consumer Lending For MisconductWells Fargo has fired one of its most powerful executives for misconduct.
Predatory, High-Interest Lending Booms In CaliforniaPredatory, high-APR lending in California is booming. A state report found that most loans issued by non-bank financial companies between $2,500 and $5,000 had annual percentage rates of 100 percent or higher.
Wells Fargo Sees Rare Profit DipFirst quarter earnings slipped 1.5-percent to $5.8-billion dollars, down from a record $5.9-billion a year earlier, and the first decline in four years for the country's largest mortgage lender.
Wells Fargo Accused Of Subjecting Minority & Female Borrowers To Predatory, Discriminatory LendingIllinois’ most populous county is accusing Wells Fargo & Co. in a lawsuit of subjecting minority and female borrowers to discriminatory and predatory lending.
Lending Circles helping Borrowers Meet Financial GoalsA traditional form of peer-to-peer lending that’s been practiced in other countries for centuries is helping Californians meet their financial goals – and build credit at the same time.
Wells Fargo Earnings Up For 2nd QuarterWells Fargo has reported higher earnings for the second quarter thanks to a pickup in lending and a decline in the amount of bad loans.
ConsumerWatch: Peer-To-Peer Loans Offer Alternative To BanksTaking the banks out of the equation, some consumers are turning to sites like LendingClub.com or Prosper.com to get the money they need from people they don’t even know.
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.