Wells Fargo To Pay Illinois $10.8M In Multi-State SettlementAttorney General Lisa Madigan said Friday Illinois is part of a $575 million settlement reached between Wells Fargo and 50 states and the District of Colombia.
Signed Check Used To Take $4,500 From Couple's AccountA couple battled their bank for nearly a year after a signed check was used to take $4,500 from their account.
Report: Wells Fargo Charged Customers For Hidden ServicesWells Fargo said in a statement emailed to the Associated Press that it is reviewing the add-on products and is working with regulators.
Wells Fargo Is Closing All Its Branches In Indiana, Michigan, OhioWells Fargo, the second-largest bank in the country, will no longer have a retail presence in those states.
Wheaton Woman Wins $4.5 Million Judgement From Wells FargoThe jury took two hours to reach a verdict late Wednesday, following a two-week trial before DuPage County Judge Kenneth Popejoy in Wheaton.
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.