Last week, Wells Fargo Bank agreed to pay $185 million in fines and refund customers some $2.5 million. Why? Mellody: It’s pretty straightforward. Some employees at Wells Fargo were caught illegally signing customers up for products – credit cards, deposit accounts, other items – that they had not requested. According to Wells Fargo, the […]
There are over 2 million Black-owned businesses in America. Many of these entities serve as the backbone of their neighborhoods by supplying jobs and services to the community. In a new initiative sponsored by Wells Fargo, compassionate small businesses are being celebrated for giving back to their communities. DigiDoc, a Washington, D.C. based company, is being highlighted […]
Whether it was family legacy or the story of a bunch of eclectic kids from Hillman that influenced you to attend a Historically Black College…
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Wells Fargo Bank isn’t the only bank charging a fee for using debit cards. Now, Suntrust Bank is charging its customers a $5 a month fee on debit card use. And, Bank of America will charge a $5 debit card usage fee. Banks are looking to recoup some money lost under the federal government’s […]
WASHINGTON-The Department of Justice will sue Wells Fargo for preying on African American borrowers and giving them high cost sub prime loans. The Huffington Post reports: In an April 5 report to Congress, Perez’s unit said that some of these investigations would lead to lawsuits or settlements this year. “We’re a majority African American community, […]
