Items Tagged with 'Wells Fargo'


  • Wells Fargo lays off 100 mortgage employees in North Carolina

    Bank seeks to better align current volumes
    Wells Fargo announced its Fort Mill, North Carolina-based mortgage office will lose 100 employees, according to an article written by Caroline Hudson for Charlotte Business Journal. The report says the bank is claiming that "market changes" and an effort to "to better align with current volumes" motivated the layoffs.
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  • Existing home sales suffer from inadequate supply

    Northeast only region to see an uptick
    Although the Northeast saw an uptick in sales, nationally existing home sales fell back for the second straight month in May. One expert says supply is woefully inadequate to meet demand, pushing prices ever higher and contributing to mounting affordability woes.
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  • Homebuilder confidence falters on rising lumber prices

    June confidence slips two points to 68
    Sharply elevated lumber prices contributed to homebuilder confidence slipping two points to 68 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. However, improved economic growth, continued job creation and solid housing demand should spur additional single-family construction for the months ahead.
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  • Court finally approves Wells Fargo’s $142 million fake account class action settlement

    It’s finally final
    A federal court has finally given final approval to Wells Fargo’s $142 million class action settlement for the bank’s customers who had a fake account opened in their name. The final approval comes nearly a year after the settlement received preliminary approval by the judge overseeing the lawsuit, and more than a year after the settlement was first announced.
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  • Another scandal: Wells Fargo alters corporate customers’ documents

    Could have changed Social Security numbers, dates of birth
    Wells Fargo finds itself in the midst of yet another scandal as a new report surfaces, showing the employees in the unit which handles its business banking illegally altered its customers’ documents. And this latest scandal stems from actions taken by employees in 2017 and even early 2018 as they rushed to meet deadlines.
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  • Wells Fargo: You’re scaring younger generations away

    Here’s why young adults may steer clear
    [Op-ed] Many Millennials are looking for a trustworthy bank, but will Wells Fargo’s scandalous headlines steer them away? As I approach independence, the bank I choose will set me up for failure or success. While many seem promising, I’m definitely hesitant about this one in particular.
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