Wells Fargo

Wells Fargo to pay $3B to resolve probes into fake accounts

LOS ANGELES (AP) – Wells Fargo has agreed to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals. Since the fake-accounts scandal came to light in 2016, Wells has paid out billions in fines to state and federal regulators, reshuffled…

Atlanta Highway Wells Fargo Robbed Wednesday Morning

The Wells Fargo bank in the 6200 block of Atlanta Highway at Bell Road in Montgomery was robbed of an unspecified amount of money around 10 a.m. Wednesday. The adult male suspect entered the business, produced a note and then fled on foot. The suspect is described as a black male wearing a red shirt, red hat, and clear glasses….

Wells Fargo Ups Sales Practices Settlement to $142 million

Wells Fargo is agreeing to expand a recently settled class-action lawsuit by an additional $32 million as well as extend claims for fraudulent accounts that may have been opened going back to 2002. Wells Fargo will now pay $142 million to customers for damages caused by any accounts opened without their customers’ permission, the company said Friday. That’s on top…

Wells Fargo Rolls Out Ad Campaign Addressing Sales Scandal

Wells Fargo has launched a new advertising campaign to address the company’s ongoing sales practices scandal and what it is doing to make things right for its customers. The campaign, which launched Monday, is being rolled out nationally on major network evening newscasts as well as the Sunday talk shows. Wells is also buying ads on the major Spanish language…