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N.M. bill aims to put judge disclosures back online

By Kytja Weir

Bill calls for posting judge's financial disclosures online in wake of Center for Public Integrity investigation on transparency.

Excerpts from this story referencing "Wells Fargo":

"… interest after the Center found a judge who owned as much as $1 million of Wells Fargo stock when she participated in a case favoring the financial giant. Wyomin …"

Shining a light on ALEC's power to shape policy

By Wendell Potter

Conservative group's power has been under-covered.

Excerpts from this story referencing "Wells Fargo":

"… s corporate membership has included big names ranging from ExxonMobil and Wells Fargo to Johnson & Johnson and Kraft. And it has worked closely with groups …"

State supreme court judges reveal scant financial information

By Reity O'Brien, Kytja Weir and Chris Young

Despite universally poor disclosure rules, Center finds numerous conflicts among state high court judges.

Excerpts from this story referencing "South Carolina":

"… higan, Minnesota, Nebraska, New Jersey, New York, South Carolina and Vermont. In those states, a judicial commission can investi …"

Lobbying dips overall, but the beat goes on for guns, drugs and agriculture

By Dave Levinthal

But third-quarter expenditures are down for many special interests.

Excerpts from this story referencing "Wells Fargo":

"… or Raytheon Co., United Parcel Service, tech firm Hewlett-Packard and bank Wells Fargo also recorded spending increases compared to their performances during las …"

Subprime lending execs back in business five years after crash

By Daniel Wagner

Executives from all of the top 25 subprime lending firms are working in the mortgage business five years later.

Excerpts from this story referencing "Wells Fargo":

"… is peaked in October 2008. The bank was sold under regulators’ orders to Wells Fargo. Less than two weeks later, Wells received $25 billion of taxpayer bailout …"

Ex-Wall Street chieftains living large in post-meltdown world

By Alison Fitzgerald

CEOs of banks that fueled the subprime crisis that led to the economic meltdown largely avoid consequences.

Excerpts from this story referencing "Wells Fargo":

"… O of Wachovia, which nearly collapsed 11 days after Lehman and was sold to Wells Fargo at the direction of federal regulators. When he’s looking to get out of …"

"… ica’s assets have ballooned to $2.13 trillion from $1.72 trillion, while Wells Fargo more than doubled to $1.44 trillion from $609 billion five years ago. Gold …"

"… ional Group and the sales of Merrill Lynch to Bank of America, Wachovia to Wells Fargo and Washington Mutual to JPMorgan, thousands of hours and millions of page …"

Bear Stearns mortgage executives have plum jobs on Wall Street

By Lauren Kyger and Alison Fitzgerald

Executives from the mortgage finance division that helped sink Bear Stearns have similar jobs at major Wall Street banks.

Excerpts from this story referencing "Wells Fargo":

"… re entirely unacceptable to me." ResCap, Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup settled for $25 billion with the Justice Departme …"

Yellen as Fed chair would be tougher on banks

By Alison Fitzgerald

Janet Yellen, President Obama’s intended nominee for Federal reserve chief, may prove to be tougher on banks.

Excerpts from this story referencing "Wells Fargo":

"… the crisis of all the Fed district banks, after Chicago and Atlanta. And Wells Fargo, the biggest bank under the supervision of the San Francisco Fed, borrowed …"

Super PAC leader undeterred by criminal conviction

By Adam Wollner

Pennsylvanian convicted of crime, banned from Virginia Tech campus wants to make political waves.

Excerpts from this story referencing "Wells Fargo":

"… the Keystone State. But Fauber, who currently works as a bank teller at a Wells Fargo branch in Mechanicsburg, was banned from the Virginia Tech campus last yea …"

Mel Watt enjoys close ties to financial industries

By Alison Fitzgerald

Bank leaders, PACs made prospective housing agency leader a top recipient of campaign cash.

Excerpts from this story referencing "Wells Fargo":

"… cle, the political action committees of Goldman Sachs, Bank of America and Wells Fargo each gave Watt’s campaign $10,000. Bank of America and Goldman each …"

"… of America and was home to Wachovia, until it failed and was purchased by Wells Fargo. If he’s confirmed to replace Ed DeMarco at the top of the Federal Hous …"

After big U.S. Supreme Court win, Montana nonprofit suffers string of losses

By Paul Abowd

Democrat Steve Bullock's gubernatorial win a low point for litigious conservative group.

Excerpts from this story referencing "Wells Fargo":

"… was made out to a company called “Direct Mail,” and deposited into the Wells Fargo bank account of ATP.In November, Kennedy told the Associated Press that he …"

Corporate cash helps fuel Democratic convention despite pledges

By Michael Beckel

Democrats kick off their convention in Charlotte Tuesday with plenty of corporate support despite grass roots pledge.

Excerpts from this story referencing "Wells Fargo":

"… AT&T Inc., Bank of America, Duke Energy, Time Warner Cable, Coca-Cola, Wells Fargo, UnitedHealth Group, Piedmont Natural Gas, US Airways and law and lobbying …"

Bailed-out banks, Freddie Mac, AIG gave $6 million to 2008 conventions

By John Dunbar and Michael Beckel

Corporate donors to 2008 party conventions included financial institutions bailed out by government.

Excerpts from this story referencing "Wells Fargo":

"… ions as “our sponsors.”This year, companies ranging from Coca-Cola and Wells Fargo to Xerox and UPS are working to ensure that they have a presence at both c …"

"… both conventions.“There’s a lot of cost around the convention,” said Wells Fargo spokesman Kathy Harrison. “It is important as a good corporate citizen t …"

"… “It is important as a good corporate citizen to support the host city.”Wells Fargo was one of the banks that benefited from the government’s bank bailout, …"

"… s came from U.S. Bancorp ($1 million), Goldman Sachs & Co. ($255,000), Wells Fargo ($250,000), J.P. Morgan Chase ($100,000) and Morgan Stanley ($100,000) and …"

Wells Fargo to pay $175M in lending settlement

By The Associated Press

Justice Dept: Wells Fargo to pay $175M to settle allegations of bias against blacks, Hispanics

Excerpts from this story referencing "Wells Fargo":

"… Wells Fargo Home Mortgage. …"

"… air-lending laws, the Justice Department announced Thursday. Wells Fargo, the nation's largest residential home mortgage originator, allegedly enga …"

"… gin rather than because of differences in credit-worthiness. Wells Fargo also will pay $50 million in direct down payment assistance to borrowers i …"

"… l surtax for African Americans in Miami in 2007 was $3,657." Wells Fargo noted in a statement that it has denied the claims. "Wells F …"

Wells Fargo hit with $3.1 million fine in mortgage servicing mess

By John Dunbar

A federal judge has ordered Wells Fargo to pay a homeowner $3.1 million for mishandling a loan.

Excerpts from this story referencing "Wells Fargo":

"… information about the status of their loans.  …"

"… al bankruptcy judge in the Eastern District of Louisiana. Manger described Wells Fargo's behavior as "highly reprehensible" in its five-year fight with the homeo …"

"… atch News. In an emailed statement published in the Huffiington Post, Wells Fargo spokesman Tom Goyda said "we believe that there are numerous factual and l …"

New whistleblower cases allege continued bank fraud

By Amy Biegelsen and Emma Schwartz

Mortgage modifications and appraisal processes in question

Excerpts from this story referencing "Wells Fargo":

"… gencies included Bank of America and Citibank, as well as JP Morgan Chase, Wells Fargo, and Ally Financial Inc. Although the formal papers have yet to be filed i …"

Raging against the foreclosure machine

Automated foreclosure process creates errors, stifles modifications and enrages helpless homeowners

Excerpts from this story referencing "Wells Fargo":

"… regulators also say they have done their part: last year, Bank of America, Wells Fargo, JPMorgan Chase and other big servicers agreed to give more than 4 million …"

"… small home they bought six years previous.On Sept. 12, agents working for Wells Fargo Home Loans generated two “broker price opinions”—estimates, basicall …"

"… estimates, basically, of the value of the Stewart home. As loan servicer, Wells Fargo was in charge of collecting payments and managing a default or foreclosure …"

"… , the judge said.The charges were assessed under circumstances contrary to Wells Fargo policy and were “unreasonable under the circumstances,” she ruled, aft …"

Whistleblowers ignored, punished by lenders, dozens of former employees say

By Michael Hudson

Former mortgage company employees say fraud was widespread in industry

Excerpts from this story referencing "Wells Fargo":

"… rmer ran into trouble soon after she started her job as a fraud analyst at Wells Fargo Bank. Her bosses, she later claimed, were upset that she was, well, findin …"

"… e didn’t “see the big picture” and that “it is not your job to fix Wells Fargo.” Management, she claimed, ordered her to stop contacting the company’ …"

"… er to stop contacting the company’s ethics hotline.In the end, she said, Wells Fargo forced her out of her job.Parmer isn’t alone in claiming she was punishe …"

"… ea that employees were punished for reporting problems.In court documents, Wells Fargo denied Parmer’s charges that management interfered with in-house fraud w …"

Bailed-out banks paid no income tax in some years, according to study

By John Dunbar and John Dunbar

New study shows bailed-out banks among those companies that paid no income tax at least one year

Excerpts from this story referencing "Wells Fargo":

"… according to an iWatch News analysis of a new study of tax dodgers. Wells Fargo & Co., Goldman Sachs Group, PNC Financial Services Group, Capital One …"

"… purchases from the Treasury Department’s Troubled Asset Relief Program. Wells Fargo received the greatest benefit among all 280 companies studied. If the bank …"

"… rly $18 billion, the study said. The banking giant paid no taxes in 2009. Wells Fargo was also among the most profitable corporations on the list, having collec …"

"… list, having collected $21.8 billion in profits over the three-year span. Wells Fargo received a $25 billion government investment in October, 2008 from the TAR …"

Investor protections imperiled by Wall Street, GOP assault on financial reform

By John F. Wasik

Wall Street and GOP assault consumer protections in Dodd-Frank reforms

Excerpts from this story referencing "Wells Fargo":

"… m JP Morgan Chase, $1.6 million from Bank of America and $1.3 million from Wells Fargo. By imposing restrictions and curtailing funds for the key agencies respo …"

As housing crisis festers, mortgage servicers spend $8 million on political contributions

By Michael Hudson and Aaron Mehta

Mortgage servicers pony up $8 million in political donations as housing crisis festers

Excerpts from this story referencing "Wells Fargo":

"… with the firms — Bank of America, JP Morgan Chase & Co., Citigroup, Wells Fargo & Co. and Ally Financial Inc. — over allegations of widespread abuse …"

"… es.Four of the five companies under scrutiny—Bank of America, JP Morgan, Wells Fargo and Citigroup — are major donors for state and federal political campaig …"

"… re vital to financial corporations when the Democrats controlled the House.Wells Fargo gave over $1 million to candidates, party committees and other PACs since …"

"… on to candidates, party committees and other PACs since the start of 2009. Wells Fargo has given at least $45,000 each to the NRCC and NRSC and at least $30,000 …"

“Go tell a Republican,” Rep. Frank says to complaints that Congress has failed to curb foreclosures

By Julie Vorman

Foreclosure complaints? "Go tell a Republican" says Rep. Frank

Excerpts from this story referencing "Wells Fargo":

"… ractices with 14 big banks, including JPMorgan Chase & Co., Citigroup, Wells Fargo and Bank of America. …"

Inside the shell: Drugs, arms and tax scams

By Gerard Ryle

The man behind shell companies linked to arms deals, drug lords and tax fraud.

Excerpts from this story referencing "Wells Fargo":

"… S history.Wachovia Bank – now a subsidiary of the global financial giant Wells Fargo – was fined $160 million for helping to disguise the illegal origins of …"

Financial reform this week: Will Fed bow to banks' demand to keep swipe fees high?

By Julie Vorman

Fed to set swipe fee limit

Excerpts from this story referencing "Wells Fargo":

"… penders were the influential American Bankers Association at $2.1 million; Wells Fargo at $1.9 million; and JPMorgan Chase & Co. with $1.8 million.Other Cong …"

Reform reading: Will Warren aide fill top job at new consumer agency?

By Shirley Gao

Reform reading: Will Warren aide fill top job at new consumer agency?

Excerpts from this story referencing "Wells Fargo":

"… g mortgage servicers. Bank of America, JP Morgan Chase & Co., and Wells Fargo failed to meet HAMP requirements and must make “substantial improvements …"

Fed loophole lets lenders keep using college logos to pitch student loans

By Cezary Podkul

Fed loophole lets lenders keep using college logos to pitch student loans

Excerpts from this story referencing "Wells Fargo":

"… an and preferred lender arrangements.  The day after the workshop, a Wells Fargo assistant general counsel, Tom Levandowski, e-mailed Lattin to thank him f …"

"… enting changes to the student loan disclosure process," said Erin Downs, a Wells Fargo spokeswoman. The following week, the Federal Reserve Board published its …"

Investigations Around the World

Major U.S. bank is found laundering money for Mexican drug cartel; misuse of BP cleanup funds; and forest mismanagement in Latin America

Excerpts from this story referencing "Wells Fargo":

"… London’s Observer chronicled how Wachovia, a major U.S. banknow owned by Wells Fargo, laundered billions of dollars for a drug cartel in Mexico since 2004; the …"

Big banks can fund mortgage aid programs If government won't, says Democrat

By Julie Vorman

As budget-conscious House Republicans try to kill a $1 billion program to help unemployed Americans avoid foreclosure, Democrat Barney Frank

Excerpts from this story referencing "Wells Fargo":

"… loyed homeowners."I don't mean to demonize, but I think Goldman Sachs, and Wells Fargo, and the Bank of America, and Citicorp, and Morgan Stanley, and the large …"

Customers close accounts to protest Wall Street, abusive lending practices

Angry at Wall Street over the financial crisis and consumer credit practices seen as predatory, some consumers have opted to close their acc

Excerpts from this story referencing "Wells Fargo":

"… for the year, compared with a $1.6 billion loss in 2009. Goldman Sachs and Wells Fargo will report earnings on Wednesday, followed by Morgan Stanley and Bank of …"

"… were having trouble raising capital.JP Morgan Chase, Bank of America, and Wells Fargo & Co. have completely repaid the government. Citigroup repaid $20 bill …"

Reform reading: JPMorgan CEO not embarrassed to be banker

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "Wells Fargo":

"… fees has U.S. banks looking at prepaid cards to help make up lost revenue. Wells Fargo, Bank of America Corp., and U.S. Bancorp are among the banks looking at pr …"

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