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This Week In Credit Card News: Wells Fargo Scandal Widens; Chip Card Problems Persist One Year Later

Business & Finance : Forbes: Business

Wells Fargo Account Scandal Extends to Small Business Wells Fargo's account scandal is not limited to its consumer banking sector, U.S. Senator David Vitter told the bank's chief executive in a letter. Thousands of small business ow...

This Week In Credit Card News: More Bad News For Wells Fargo; Incredible Credit Card Bonuses

Business & Finance : Forbes: Business

California Hits Wells Fargo Where it Hurts California Treasurer John Chiang said Wednesday the state will suspend several key banking relationships with Wells Fargo to sanction the firm following allegations of "fleecing its custome...

This Week In Credit Card News: Shameful Account Fraud at Wells Fargo; Consumers Dislike Chip Cards

Business & Finance : Forbes: Business

Wells Fargo Fined $185 Million For Fraudulently Opening Accounts For years, Wells Fargo employees secretly issued credit cards without a customer’s consent. They created fake email accounts to sign up customers for online banking se...

Moody’s Still Thinking About More Bank Downgrades

Business & Finance : Deal Journal -

Moody's warned today that the government's unease about future bank bailouts may lead to credit ratings cuts for Citigroup, Bank of America and Wells Fargo. But Moody's also is still thinking about ratings actions on five additional...

Financial Reform Vindicated: Banks See Credit Scores Downgraded Due To Doubts They’ll Be Bailed Out

US Politics / Liberal : ThinkProgress: Justice

Yesterday, three of the nation’s biggest banks — Bank of America, Citigroup, and Wells Fargo — had their credit scores downgraded by Moody’s. And the credit rating agency’s rationale for dinging the banks’ was simple — due to the Do...


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