bank branch bloodbath

Bank Branch Bloodbath Continues

Bank Branch Bloodbath Continues As Wells Fargo Closes 15 Branches And BofA Closes Seven In A Week The bank branch bloodbath continued last week as Wells Fargo And BofA filed to close 24 branches last week. US banks are in an ongoing scramble to eliminate costly brick and mortar banking locations. Wells Fargo plans to […]

Wells Fargo axes

Wells Fargo Bank Axes Another 13 Branches In A Single Week

Wells Fargo Bank Axes Another 13 Branches In A Single Week As A Host Of Banks Shut Down Vital Services Wells Fargo Bank axes another 13 bank branches last last week. Five other banks filed to close almost 27 branches last week. Thus, leaving millions of Americans without access to vital financial services. Wells Fargo […]

latino wells fargo employees

Latino Wells Fargo Employees Accuse Bank Of Anti-Latino Bias

Here We Go Again! Latino Wells Fargo Employees Accuse Bank Of Anti-Latino Bias In A Predatory Lending Scheme A group of current and former Latino Wells Fargo employees has filed a federal lawsuit against Wells Fargo. The employees from the company’s bilingual mortgage sales team are alleging race-based discrimination.  The suit alleges:  “Wells Fargo forces […]

Wells Fargo Will Pay

Wells Fargo Will Pay $94M To Settle Mortgage Forbearance Suit

Wells Fargo Will Pay $94M To Settle Class-Action Mortgage Forbearance Lawsuit Wells Fargo will pay $94 million to settle a class-action lawsuit. Plaintiffs argue Wells Fargo unlawfully sent more than 200,000 mortgage borrowers into forbearance during the pandemic. The lawsuit says Wells Fargo also did it without their consent. Plaintiffs argued that the bank provided […]

Wells Fargo

Wells Fargo Pulls The Plug On Mortgage Lending

Wells Fargo Pulls The Plug On Mortgage Lending. The Bank Blames The Economy For The Move There is no other way to put it, Wells Fargo plans to severely shrink its vast mortgage empire. Employees say Wells Fargo even plans to exit the mortgage entirely. The bank once churned out one of every three home […]

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