State Treasurer Pulls $30 Billion In Investments From Wells Fargo“Wells Fargo is a big financial player in Illinois, and I hope to send the message that their unscrupulous practices are not welcome and will not be tolerated,” Illinois State Treasurer Michael Frerichs said.
Obama Seeks $2 Billion In Private Dollars For Clean EnergyPresident Barack Obama is setting a goal of raising $2 billion from the private sector for investments in clean energy.
Cook County Sues Wells Fargo For Discriminatory Lending Wells Fargo disproportionately targeted minorities with high-cost mortgage loans in Cook County, leading to a foreclosure crisis in the area, according to a federal lawsuit filed Friday.
Durbin Proposes Cap On Interest Rates For Payday LoansSenator Dick Durbin said today that some of the nation's biggest banks are now offering what are essentially payday loans, with interest rates as high as 400-percent.
Wells Fargo Donates Hundreds Of Free Coats To Little Village StudentsHundreds of students at a Little Village school had big smiles on their faces on Thursday, after they all received a brand new winter coat.
Wells Fargo Settles With Atty. Gen. Madigan Over Subprime Lending PracticesIllinois Attorney General Lisa Madigan and the U.S. Department of Justice have reached a $175 million settlement with Wells Fargo on claims that the bank steered African-Americans and Latinos into risky subprime loans.
Wells Fargo Debit-Fee Test Could Affect Wallets EverywhereWells Fargo bank will begin charging customers in five states a monthly fee to use debit cards. CBS 2's Dorothy Tucker reports that could lead the way for banks in Illinois to try something similar.