Bank At Wells Fargo? Here Are 4 Things You Should Do Soon

By JOSEPH PISANI, AP Business Writer, San Antonio Express-News: World
Wed, 09/28/2016 - 7:49am

Wells Fargo, which has been fined $185 million by regulators who said bank employees opened millions of unauthorized accounts to meet sales goals, has promised to contact all customers and invite them to review their accounts. [...] credit card accounts opened in your name may affect your credit score, the all-important number that determines what kind of interest rate lenders will charge you for a home or car loan. Wells Fargo has been ordered by the Consumer Financial Protection Bureau to refund customers going back to 2011, and the company said it has already given back $2.6 million in fees for products that were sold without authorization. Look for any unusual transactions or fees, since employees were transferring money between accounts without permission from customers, according to the CFPB. In August, the CFPB fined Wells Fargo $3.6 million for charging its student loan customers illegal fees, not correcting errors on credit reports and other violations. The reports list all your creditors, so review them for any unauthorized credit cards that may have been opened or unpaid fees that may have been reported to the credit agencies. According to bank, Wells Fargo employees applied for about 565,000 credit cards that consumers may not have authorized. Higher credit scores can mean paying lower interest rates, so if you plan to apply for a mortgage or another loan soon, it may be best to keep it open until then, said Ulzheimer.

NEXT
BING NEWS:
  • Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace
    Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an "unapologetically ...
    04/19/2024 - 9:12 am | View Link
  • First Solar upgraded at Wells Fargo on relative stability, potential catalysts
    First Solar ( NASDAQ: FSLR) +0.9% in Friday's trading as Wells Fargo upgrades shares to Overweight from Equal Weight with a $250 price target, saying its panels are sold out through 2026, which ...
    04/19/2024 - 7:32 am | View Link
  • Wells Fargo Bond Saleswoman Claims Pay Bias in ‘Boys Club’ Team
    A Wells Fargo & Co. bond saleswoman sued the bank for sex discrimination, claiming she was denied the same promotions and pay as men and forced to endure a “boys’ club” environment.
    04/19/2024 - 6:03 am | View Link
  • Wells Fargo sees more short-term pain for stocks with rising 10Y becoming ‘kryptonite’
    Wells Fargo sees more short-term losses for stocks as the market runs into a "triple whammy" of downside factors. Read more here.
    04/19/2024 - 4:21 am | View Link
  • Wells Fargo's Options Frenzy: What You Need to Know
    Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, ...
    04/19/2024 - 3:02 am | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More World News

  • Beijing Half-Marathon Revokes Win for Chinese Runner He Jie After Investigation
    Time, Friday - 04/19/2024 - 12:43 PM

    Decorated Chinese athlete He Jie had been stripped of his Beijing half-marathon win Friday after an investigation found that the three African runners who competed alongside him had “actively slowed down” to let him cross the finish line first during the race on Sunday, April 14. He won the 21 km.

    More | Talk | Read It Later | Share
  • Ally of Pakistan’s Prime Minister Demands End to Ban on Social Media Platform X
    Time, Friday - 04/19/2024 - 06:47 AM

    ISLAMABAD — An important ally of Pakistani Prime Minister Shehbaz Sharif demanded the government lift a two-month-old ban on the social media platform X, saying on Friday that it violates citizens’ right to speech and expression. The ban on X has been in place since February, when the party of imprisoned former Prime Minister Imran Khan announced a nationwide protest against alleged election rigging ahead of the Feb.

    More | Talk | Read It Later | Share
  • Amid U.S.-China Rivalry, Beijing Agrees to Send Two Furry Diplomats to San Francisco
    Time, Friday - 04/19/2024 - 05:15 AM

    BEIJING — San Francisco is the latest U. S. city preparing to receive a pair of pandas from China, in a continuation of Beijing’s famed “panda diplomacy.” San Francisco Mayor London Breed announced the panda loan in Beijing on Friday, alongside officials from China Wildlife Conservation Association, or CWCA. It will be San Francisco’s first time hosting the beloved animals long-term—the result of a yearlong advocacy campaign, Breed said. [time-brightcove not-tgx=”true”] San Diego previously announced it was receiving two pandas back in February. China is home to the only natural habitat for pandas and owns most of the black-and-white bears in the world.

    More | Talk | Read It Later | Share
  • The Modi-fication of India Is Almost Complete
    Time, Friday - 04/19/2024 - 04:00 AM

    Earlier this month, two Indian writers published an ode to their Prime Minister, Narendra Modi. Written in lyric form and titled “Forever In Our Hearts,” it recounts his achievements while singing his praises in highly effusive language. “With courage and wisdom/you show citizens the way,” it gushes. “Oh Modi, oh Modi/their hopes never sway/A people’s beacon, in whom they see light/Oh Modi, oh Modi, guiding day and night.” [time-brightcove not-tgx=”true”] Such reverence captures the essence of Modi’s popularity.

    More | Talk | Read It Later | Share
  • The U.S. Vetoes Resolution to Upgrade Palestine’s U.N. Membership
    Time, Friday - 04/19/2024 - 01:05 AM

    The U. S. blocked on Thursday a draft resolution that would have allowed the United Nations General Assembly to vote on allowing a Palestinian state to become a full member state of the U. N. The move has triggered backlash from other states and pro-Palestinian groups, as global divisions continue to sharpen over Israel’s war on Gaza. [time-brightcove not-tgx=”true”] The U.

    More | Talk | Read It Later | Share
  • Apple Pulls Meta’s WhatsApp and Threads From App Store in China After Government Order
    Time, Friday - 04/19/2024 - 12:50 AM

    Apple Inc. said that it removed Meta Platforms Inc.’s WhatsApp and Threads from its China apps store after an order from the country’s internet regulator, which said the services pose risks to the country’s security. The order comes on the heels of a cleanup program Chinese regulators initiated in 2023 that was expected to remove many defunct or unregistered apps from domestic iOS and Android stores.

    More | Talk | Read It Later | Share