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WHAT COULD GO WRONG? Wells Fargo launches 3% down payment mortgage. Yeah — this will end well. T…

WHAT COULD GO WRONG? Wells Fargo launches 3% down payment mortgage. Yeah — this will end well. Thanks Bill and Hillary!

The Blumeys turn five

I suppose that I should begin by saying that Central Academy of Technology and Arts swept the top trophies last Sunday evening at the 5th Annual Blumey Awards. Their production of Ragtime won the Wells Fargo Best Musical for high-budget...Show More Summary

Wells Fargo, who preyed on black borrowers, sponsors Black Lives Matter luncheon

21 hours agoHumor / odd : Boing Boing

Wells Fargo has been widely criticized for its predatory, deceptive practice of targeting black mortgage borrowers with subprime mortgages (whose teaser rates ballooned into unsustainable long-term rates after a few years), rather than...Show More Summary

Fast money: Banks making it easier to split the tab

NEW YORK (AP) — Splitting the bill for those pizzas you shared with your buddies or that utility bill that is suddenly due is going to get easier and faster even if you don’t all use the same bank. JPMorgan Chase, Wells Fargo and other big banks are upgrading their online payment services to let […]

Wells Fargo targets first-time buyers with affordable mortgage program

Wells Fargo, the nation's largest mortgage lender, is introducing a new home loan program that emulates those offered by the Federal Housing Administration with a couple of buyer-friendly twists. The bank is simplifying some of the extensive...Show More Summary

Wells Fargo Reintroduces 3%-Down Mortgages

After being called out for its deceptive practices, the bank has scaled back on FHA backed mortgage lending in recent years. Wells Fargo accounted for just 2.5% of total FHA mortgages in 2015, down from 13% in 2010, and ultimately coming to this end game where the bank has a path forward without the FHA... Show More Summary

Why Index-Tracking ETFs Don’t Perfectly Track Indexes

Nearly all exchange-traded funds track indexes. But there are many reasons why an ETF might not track its index perfectly. Mariana Bush, head of closed-end and exchange-traded fund research at Wells Fargo Advisors, highlights the reasons that an ETF's net asset value might not track its corresponding index. Read More »

Wells Fargo is offering low down payment mortgages without FHA backing

Wells Fargo & Co. has started offering a new type of mortgage that requires a tiny down payment and could appeal to customers who might otherwise get loans backed by the Federal Housing Administration. Most big banks have pulled back from offering FHA loans after dealing with lawsuits and billion-dollar...

Ex-Wells Fargo mortgage banker is banned and fined for an alleged escrow fee scheme

A former Wells Fargo & Co. mortgage banker in Beverly Hills has agreed to a one-year ban from the mortgage business and to pay an $85,000 fine to settle allegations that he orchestrated a scheme that resulted in some customers paying inflated fees. The Consumer Financial Protection Bureau on Thursday...

Wells Fargo Reintroduces 3%-Down Mortgages

In the wake of its recent $1.2 billion settlement with the government, whereby Wells Fargo admitted to deceiving the government into insuring thousands of risky mortgages (yet nobody went to jail), the bank has decided to break withShow More Summary

Wells Fargo announces its own mobile wallet (WFC, AAPL, GOOG, GOOGL)

This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Wells Fargo is joining an increasingly crowded mobile wallet market. The bank announced the launch of Wells Fargo Wallet, which will be included in its Android app starting the summer. Show More Summary

While "White Politicians" (Left And Right) Use The Federal Government Pentagon and Coporations As Their Revolving Door THE BLACK RACIAL SERVICES MACHINE OLIGARCHY Uses "The Civil Rights Colonization Organizations": Former Attorney General Eric Holder Join

COLONIZER'S CHESS GAME 101 USE THE GOVERNMENT TO PUNISH CITIBANK, WELLS FARGO AND BANK OF AMERICA FOR STEALING THE COLONIZED NEGRO'S MONEY VIA "SUBPRIME MORTGAGES" WHICH TAKE THEIR FINANCIAL RESOURCES. MONEY IS THE PRIMARY "FIAT CURRENCY"...Show More Summary

Headline News from PaymentsNews.com - May 24, 2016

ON THE WEB Wells Fargo holds 2016 Investor Day Swift Moves to Harden Customers’ Security - Wall St. Journal - "Gottfried Leibbrandt, chief executive of the Society for Worldwide Interbank Financial Telecommunication, said audits will...Show More Summary

Wells Fargo plans to launch new digital wallet this summer

Wells Fargo has announced the U.S. bank will be releasing a wallet for Android later this summer. This addition to the official mobile banking app will transform the experience into a complete payment solution. It's hoped the introduction...Show More Summary

Wells Fargo plans to launch mobile-wallet service

The burgeoning mobile-payment industry that allows consumers to buy stuff in stores with their smartphones has been led by technology giants such as Apple Inc. and Alphabet Inc.’s Google. Now, Wells Fargo & Co. wants a piece of the action. The San Francisco-based bank is expected to announce Tuesday...

Scan Your Eyes To Log Into Your Bank Account

Wells Fargo is bringing eye scanner biometrics to mobile banking

Best Amex Referral Offers, Korean Air & British Airways Cheat Sheets, Wells Fargo Warning Letter & More!

Welcome to the Frequent Miler Week In Review series. Every Saturday we bring you some of the best posts from around the web. Enjoy! This Week Around the Web Singapore’s New Business Class Upgrade Prices Are Really Interesting – A look at the costs to upgrade from Premium Economy to Business with Singapore miles. Show More Summary

Tony Gehrig: My Position On Bike Lanes Has Been Misrepresented

Fargo City Commissioner Tony Gehrig, left and Mayor Tim Mahoney listen to a discussion. Forum file photo The InForum opinion piece “Say ‘no’ to more liberal bike lanes” was a well placed caricature of my position, and they know it. It is their modus operandi to do thing like this. Show More Summary

Zamansky LLC Files FINRA Arbitration Against Wells Fargo Advisors For Investor Losses in Puerto Rican Bonds

last weekIndustries / Law : Zamansky

We filed a  FINRA arbitration on behalf of a 63  year-old New York investor who is a brokerage customer of Wells Fargo Advisors LLC.   The Statement of Claim alleges that the investor was retired and living off of the income from his...Show More Summary

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