Well Fargo

Wells Fargo was ordered to pay $203 million to consumers it deceived

August 13, 2010 - 6:36am | Law aspects | News

Well Fargo was ordered by a federal judge to pay California consumers $203 million in restitution for claims that it had manipulated transactions to maximize the overdraft fees it charged, reports the New York Times.

A judge in San Francisco found that instead of processing transactions in an order they were received the bank started with largest and went to smallest further. In his 90-page opinion United States District Judge William Alsup wrote that the practice was unfair and deceptive.

bank | overdraft fee | transaction processing | Well Fargo

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Banking crisis inspires for online banking innovation

November 13, 2008 - 12:26am | Banks and internet banks | News

39 percent segment of the Internet banking market is leaded by three banks: Bank of America, Wells Fargo and JPMorgan Chase. It is the result of recent survey that was purposed to develop the online banking department in the US. Banking crisis and difficult financial time itself make banks and other financial institutions unite and merger.

Bank of America | JPMorgan Chase | Wachovia | Washington Mutual Savings Bank | Well Fargo

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