Wells Fargo

Wells Fargo is directing employees to delete TikTok from their work phones amid growing concerns over security and privacy from the short-form Chinese-owned video app, NBC News reports. “We have identified a small number of Wells Fargo employees with corporate-owned devices who had installed the TikTok application on their device,” Wells Fargo said in a statement to NBC News on Saturday....

Wells Fargo, the nation’s fourth-largest bank, agreed Friday to pay a $3 billion fine to settle a civil lawsuit and resolve a criminal prosecution filed by the Justice Department over its fake account scandal. Under pressure to meet sales quotas, bank employees opened millions of savings and checking accounts in the names of actual customers, without their knowledge or consent....

Two of the largest banks in the U.S. say they will stop donating millions of dollars to Florida’s private school voucher program after a newspaper investigation found that some of the program’s beneficiaries discriminate against LGBTQ students, NBC News and CNBC reported.

Federal regulators have slapped former Wells Fargo CEO John Stumpf with a $17.5 million fine for his role in the bank’s sales practices scandal

A man thought he was sending money to his mother through a peer-to-peer payment app, but it wound up in a stranger’s account. Consumer Reporter Susan Hogan investigated.

Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed. The bank filed the agreement Thursday in a federal court in Santa Ana. It still needs a judge’s approval.

What appeared to be a nationwide outage was affecting Wells Fargo customers Thursday morning.

Maryland’s two biggest counties are suing two major banks over alleged predatory and discriminatory mortgage practices.

A Prince George’s County Public Schools Librarian announced her retirement Tuesday weeks after a viral video shows her admitting to using a racial slur. News4’s Tracee Wilkins reports.

A lucky person in Morgan Hill won a fairly big chunk of the record Mega Millions jackpot in Friday’s draw, matching 5 of the 6 numbers on a ticket, according to California Lottery. An employee at an AMPM convenient store on Monterey Street and Cochrane Road told NBC Bay Area that a man came in, scanned the ticket and it...

Wells Fargo, the third-biggest U.S. bank, plans to lower its employee headcount by 5 percent to 10 percent in the next three years as part of its ongoing turnaround plan, the company announced Thursday. The bank has 265,000 employees, meaning the reduction would result in a loss of between 13,250 and 26,500 jobs.

Employees at a San Jose Wells Fargo branch are celebrating their Mega Millions win in what some say is a rather unusual way. All 11 winners work for the bank on Branham Lane, where customers poured in Monday to congratulate the lucky winners.

Tiny, fraudulent Amazon charges added up to hundreds of dollars for customers of one of the nation’s largest banks. Consumer Reporter Susan Hogan reports.

Wells Fargo agreed Wednesday to pay a $2.1 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble that ultimately led to the 2008 financial crisis.

The FBI is seeking a woman they’re calling the “Fake Hair Don’t Care Bandit” after she robbed banks in D.C. and Maryland.

Wells Fargo says it has begun paying back customers who purchased add-on services to their accounts without fully understanding all the terms. Consumer Reporter Susan Hogan reports.

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses. In a settlement announced Friday, Wells will pay $500 million to the Office of the Comptroller of the Currency, its main national bank regulator, as well...

Wells Fargo is facing a $1 billion fine for charging unnecessary fees for securing interest rates and selling auto insurance customers didn’t want or need. News4’s Susan Hogan reports.

Another banking scandal rocked Wells Fargo. A former employee is blowing the whistle on the giant bank and filing suit. Consumer Reporter Susan Hogan explains the impact it has on customers.

The Federal Reserve said Friday it is restricting Wells Fargo’s size in response to “widespread consumer abuses.” As a result, Wells Fargo plans to replace three directors by April and a fourth by the end of the year, CNBC reported. Shares of the bank fell more than 2 percent in after-hours trading.