Tag Archives: bank

Overdraft Fees? Judge Says Wells Fargo Deceived Customers

A federal judge has ordered Wells Fargo to pay customers back over $200 million in overdraft fees. The judge said the company’s business practices were "unfair and deceptive." The case was based on overdraft fees. Wells Fargo policy was to…

Congressional commission to ask bank leaders about economic crisis

Congress will hear testimony from the heads of major banks about lending practices, risk management, and pay practices and how that is related to the recent recession. The leaders of the Congressional committee echo the sentiments of many Americans: “People…

Swiss bank UBS to name names

Swiss banking giant UBS AG (UBS-N15.51-0.39-2.45%) agreed Wednesday to turn over to the IRS the details of 4,450 accounts suspected of holding undeclared assets by American customers, piercing Switzerland’s long-standing tradition of banking secrecy. IRS Commissioner Doug Shulman said the…