Wells Fargo & Co. will pay a $65 million penalty to New York state related to its cross-selling practices. The bank failed to disclose to investors that the success of its cross-selling – the pitching of additional financial products to …
New York state’s banking and insurance regulator issued subpoenas on Tuesday to two Wells Fargo & Co units after the bank said it had sold auto insurance to hundreds of thousands of customers who did not need it. The New …
The City of Philadelphia sued Wells Fargo & Co. on Monday, accusing the largest U.S. mortgage lender of predatory lending, which violates the federal Fair Housing Act. The lawsuit came two weeks after the U.S. Supreme Court, in a case …
A.M. Best has removed from under review with developing implications and upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit rating to “aa-” from “a+” of Rural Community Insurance Co. (RCIC) in Anoka, Minn. …
Wells Fargo Insurance, part of Wells Fargo & Co. has appointed industry veteran Kristine Meuse to lead cross-sell efforts for its insurance brokerage and consulting (IBC) division. She is based in Dallas. Meuse will work closely with Wells Fargo’s corporate …
The Cook County state’s attorney’s office in Illinois has filed a federal Fair Housing Act lawsuit against Wells Fargo & Co. for alleged predatory and discriminatory mortgage lending. In announcing the lawsuit Monday, county officials also alleged service and foreclosure …
Illinois’ most populous county is accusing Wells Fargo & Co. in a lawsuit of subjecting minority and female borrowers to discriminatory and predatory lending. Cook County’s 152-page lawsuit filed last week follows similar legal action by governments in Miami and …
Wells Fargo & Co., the largest bank on the U.S. West Coast, hired Alejandra Evans as senior vice president for risk management and international business at its insurance operation. Evans joins from Aon Plc, where she was managing director in …
Wells Fargo Insurance announced it is working with TransGuardian and the U.S. Mail to secure the shipping of high value parcels throughout the U.S. In making the announcement Wells Fargo highlighted the fact that parent Wells Fargo & Co. was …
A New Mexico judge has issued a $3.2 million judgment against Wells Fargo & Co. for foreclosing on a man’s home after his death, even though he had a purchased an insurance policy through the bank that would have paid …
