Tag: Wells Fargo

Well-run banks prioritize the communities they serve

Wells Fargo received a stern reprimand from the Federal Reserve this past week for failing to meet its obligations to consumers and the community. In short, regulators have demonstrated yet again that the bank is no longer considered well-managed. The National Diversity Coalition supports this decision, as it is in line with actions already taken…
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February 12, 2018 0

Zelle’s anti-fraud efforts trip up key group: Its users

The person-to-person payments service Zelle differentiates itself from rivals by promising users that transactions sent over its network will clear in near-real time. Yet in recent months, the service has faced a number of complaints from consumers who say they are having problems sending or receiving money or setting up accounts in the first place.…
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January 17, 2018 0