Compensation
Compensation
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Wells Fargo won an early round in a lawsuit accusing the bank of running a predatory mortgage lending scheme in the Atlanta area before the 2008 financial crisis and continuing to discriminate against minorities for more than a decade afterward.
March 29 -
The permanent staff reductions appear to be concentrated in originations, where pretax income has been lower and outpaced by earnings generated by the servicing division, in line with broader industry trends.
March 28 -
Lawmakers also asked officials to include more perspectives from Veterans Affairs and USDA representatives and increase focus on manufactured home valuations.
March 24 -
The actions involved are based on findings by an interagency task force first convened last year by Marcia Fudge, secretary of the Department of Housing and Urban Development.
March 23 -
The class action complaint comes after U.S. senators called on regulators to investigate the bank’s alleged treatment of minority homeowners.
March 21 -
An audit found that mostly wealthy, white homeowners in urban counties were benefiting from the century-old policy.
March 21 -
This follows the publication last week of an investigation that found that the bank had in 2020 approved only 47% of applications to refinance mortgages completed by Black homeowners compared with 72% of those from White applicants.
March 17 -
Join Maggie Kimberl, President of the Bourbon Women Association for a peek behind the scenes of the bourbon industry. Learn more about the women that are rising in the male-dominated spirits sector, the proper bourbon tasting technique and a little bit of the history of bourbon.
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A “small number” of the more than 3,000 workers were affected by the snafu, the company said.
March 8 -
The lender is cutting approximately 3,000 employees in both the U.S. and India three months after its notorious December firing.
March 8