Fed Action Possible in Wells Fargo Account Scandal
Just a day after documents emerged indicating that the penalty for Wells Fargo & Co.'s fake account scandal could have been far greater, the Federal Reserve Board chair has suggested it might take action.
Big Credit Union Hit By HEL Fraud
A federally insured credit union that originated nearly $13 billion in home loans last year was defrauded by a real estate investor on home-equity loans.
Nearly $300 Million Judgment Against Allied
The federal government has obtained a nearly $300 million judgment against Allied Home Mortgage entities over alleged fraudulent misconduct on government-insured loans.
Trader Sued Over Decade-Old Subprime RMBS
The former chief of subprime trading at Deutsche Bank has been sued by the government for allegedly misleading investors about the quality of subprime residential mortgage-backed securities.
Consumer Bankruptcies Jump, Though Yr-Over-Yr Dip
A sharp increase over the preceding month was recorded for U.S. consumers who resorted to the bankruptcy courts. But filings eased somewhat from a year ago.
Class Action Costs Foreclosure Lawyer Over $1 Mil
A class action lawsuit that was filed against a Florida foreclosure attorney has yielded more than $1 million for charities and former borrowers.
Former Senior Federal Home Loan Bank Execs Indicted
Former senior executives of the Federal Home Loan Bank of Dallas have been indicted for using funds from the organization to pay for personal expenses.
Loan Processor Sues Wells Fargo for Harassment
A federal lawsuit filed against Wells Fargo & Co. alleges that the company did nothing when a mortgage processor reported sexual harassment by her boss.
Wells Fargo Fraudulent Account Scandal Grows
Wells Fargo & Co. has disclosed that the number of new accounts fraudulently created by bank employees is substantially higher than originally reported.
Wells Fargo Sued Again Over Rate-Lock Fees
After being named as a defendant in a former employee's lawsuit over rate-lock extension fees, a class action has been filed against Wells Fargo & Co. over the same allegations.