Talk:Wells Fargo

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Wells Fargo was a good article, but it was removed from the list as it no longer met the good article criteria at the time. There are suggestions below for improving the article. If you can improve it, please do; it may then be renominated. Review: September 27, 2006.

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$160 million fine for aggressive freezing and closing of bank accounts.

I couldn't find this in the Article, so I'm adding it to the Talk page.

In 2022, the Consumer Financial Protection Bureau ordered Wells Fargo to pay $160 million in remediation to over one million people for the "substantial injury" it caused through its aggressive freezing and closing of bank accounts from 2011 to 2016.

Source: https://files.consumerfinance.gov/f/documents/cfpb_wells-fargo-na-2022_consent-order_2022-12.pdf

I could add this information to the article myself, but I only have a few edits. Furthermore, Wells Fargo's meticulous attention to detail in monitoring and promptly removing any potentially embarrassing content far outweighs the level of care they offer their customers.

Update: I edited the page myself.

Accusations of missing deposits

According to various news outlets, some deposits were reported missing by Wells Fargo customers due to a glitch according to company representatives: https://www.cnn.com/2023/08/05/business/wells-fargo-says-bank-deposit-glitch-is-resolved/index.html 172.79.200.224 (talk) 04:28, 6 August 2023 (UTC)[reply]

Incorrect MERS link

The Article section "Settlement and fines regarding mortgage servicing practices" contains the following sentence:

"On February 9, 2012, it was announced that the five largest mortgage servicers (Ally Financial, Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo) agreed to a settlement with the US Federal Government and 49 states over improper foreclosure practices in the 2010 United States foreclosure crisis, including "robo-signing" (having someone fraudulently sign that they know the contents of a document they do not in fact know) and foreclosing without standing via MERS.[121]"

The link from MERS is to https://en.wikipedia.org/wiki/MERS (Middle East respiratory syndrome). Maybe the link should be to https://en.wikipedia.org/wiki/Mortgage_Electronic_Registration_Systems. I will not change the link; someone else could, if appropriate.

(The reference to https://files.consumerfinance.gov/f/documents/cfpb_wells-fargo-na-2022_consent-order_2022-12.pdf is from the Talk section "$160 million fine for aggressive freezing and closing of bank accounts." Could someone please make that reference stay with its section? Maybe < ref > is the wrong tag.)Mecanoge (talk) 21:37, 9 August 2023 (UTC)[reply]

I corrected the wikilink. Nice catch. As for the CFPB reference (#172 looks like), not sure if someone changed it already, but it looks to me to be in the right place? 23impartial (talk) 17:07, 12 November 2023 (UTC)[reply]

Incorrect branches quantity

Article states "It has 8,050 branches and 13,000 automated teller machines", sourced from 2022 Wells Fargo & Co. Annual Report. The 2 quantities are not in the report. The report says "nearly 4,600 retail bank branches" but no ATM qty. 2600:1702:3790:1520:2574:E811:D774:4308 (talk) 01:59, 8 January 2024 (UTC)[reply]

"While Norwest was the nominal survivor..."

nom·i·nal /ˈnämən(ə)l/ adjective

(of a role or status) existing in name only.

Though the article text claims that Norwest was the nominal survivor, the actual description of the relationship makes it clear that Wells Fargo is the nominal survivor, Barefoot through the chollas (talk) 22:29, 15 February 2024 (UTC)[reply]

No response, so I've removed the misstatement of "Norwest was the nominal survivor". If the intention was to indicate that the apparent merger was actually acquisition of Wells Fargo by Norwest, that can be stated clearly, as it is in text lower in the article. Barefoot through the chollas (talk) 16:30, 4 March 2024 (UTC)[reply]

Remove unnecessary ,

ther is a komma where no , should be! 87.139.184.193 (talk) 11:21, 6 March 2024 (UTC)[reply]