Pitting credit unions against the banks
Most businesses lobbying to sway the looming legislation to overhaul the Tax Code will focus on preserving their own tax perks — not shooting down their rivals. By LAUREN FRENCH Not so with some of the [...]
Posts Tagged ‘Wells Fargo’
More banks in the crosshairs after JPMorgan deal
Wall Street has been abuzz this week with news that JPMorgan is on the verge of reaching a $13 billion settlement with the government, but the deal could be just one of many. By James [...]
Banks keep breaking into houses, and homeowners are fighting back
Every day in neighborhoods across the country, low-paid workers with little oversight or training decide whether to break into someone else's home. by Ben Hallman They are independent contractors working indirectly for banks, including Wells [...]
Planning…
...(Definition, system for achieving objective; a method of doing something that is worked out in advance)… Along with Pro Football, Halloween and Thanksgiving, it’s that time again! I think back over the years to [...]
Over a Million Are Denied Bank Accounts for Past Errors
Mistakes like a bounced check or a small overdraft have effectively blacklisted more than a million low-income Americans from the mainstream financial system for as long as seven years as a result of little-known private [...]
Big Banks Moving Branch Emphasis to High-Population Areas
BY PETER STROZNIAK Big banks and super-regional financial institutions are focusing their branch openings in high-population density markets, and they are closing branches in low to moderate population markets, according to a new SNL report. [...]
National Mortgage Settlement Monitor Reports Big Banks Violating Agreement
BY HEATHER ANDERSON Compliance reports released Wednesday by court-appointed National Mortgage Settlement Monitor Joseph Smith confirms accusations made by New York’s attorney general that big banks are not living up to the $25 billion [...]
Financial Institution Cyberattacks Signal Urgent Need For Security Bill
A seven-month long assault on America's banking websites reached a new high recently by Suzanne Choney A seven-month long assault on America's banking websites reached a new high recently, further proving that Congress needs to [...]
Costly Bank Payday Loans Criticized in Report
BY JESSICA SILVER-GREENBERG Some of the nation’s largest banks continue to offer payday loans, pitched as advances on direct-deposit paychecks, despite growing regulatory scrutiny and mounting criticism about the short-term, high-cost loans. [...]
Without Taxpayer Help, Too Big to Fail Banks Would Only Break Even
By Eamon Murphy Wall Street banks once occupied a unique position of power, privilege, and prestige in this country. Looking back, the apogee was probably late in the Clinton administration, in the era of deregulation, [...]
Say Goodbye To More Bank Branches
By Blake Ellis @CNNMoney Banks are killing off branches by the thousands. Overall, banks closed 2,267 branches last year and opened only 1,149, according to research firm SNL Financial. That resulted in a [...]
The Big News For Banks Next Year: Smaller Profits
by Halah Touryalai Expecting bank earnings to improve next year? Think again. Moody’s warns that profitability at the nation’s banks will decline for the next 12 to 18 months. That’s without the [...]
Business Owners Worry About Access to Credit in 2013: Survey
By Kevin Wack Small-business owners continue to have a hard time accessing credit, and they expect the situation to worsen over the next 12 months, according to a survey released Friday by Wells Fargo (WFC) [...]
Big Banks Reduce Mortgage Bills by $6.3 Billion
Five of the biggest U.S. banks have agreed to cut struggling homeowners’ mortgage balances by $6.3 billion, which will provide relief for abuses suffered under foreclosures during worst of the housing crisis. The [...]
U.S. Sues Wells Fargo for Mortgage Fraud
By Jennifer Liberto @CNNMoney WASHINGTON (CNNMoney) -- The U.S. government sued Wells Fargo over claims that the bank made reckless home mortgage loans for a decade. In a lawsuit filed Tuesday in Manhattan's Southern [...]