Wells Fargo blames faulty computer software for the foreclosure of hundreds of homes after the bank incorrectly denied them mortgage modifications. The computer error began in April 2010, was fixed in October 2015, and Wells Fargo only admitted it in … Continued
A Davidson County Sheriff’s Deputy was arrested and charged for robbing F&M Bank on West Main Street in Rockwell, NC. Deputy Jeff Athey calmly walked into the bank without hiding his face from security cameras. He showed a teller his … Continued
According to the Treasury Department, banking is no longer a “financial service.” With this reclassification, a new Treasury Department proposal hands huge tax breaks to banks. In 2017, the Tax Cuts and Jobs Act stated that financial services companies were … Continued
Labor Day is celebrated on the first Monday in September. In 2018, Labor Day falls on Monday, September 3rd. If you are fortunate enough to get the day off work and forget to take care of your banking needs ahead … Continued
This November, voters in Los Angeles will decide whether or not to take money out of big banks and into a publicly owned bank. In June, the city council voted unanimously to add the measure to the November ballot. If … Continued
A report from The Action Center on Race & the Economy (ACRE), has shown that banks are making huge profits from police misconduct. ACRE is a national racial justice and Wall Street accountability campaign based in Chicago. “Some of our … Continued
The FBI has warned of an imminent global cash hack at ATM machines. “The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine cash-out scheme in the coming days, likely associated with … Continued
Facebook has asked major U.S. banks to give up detailed financial information about their customers, including card transactions and checking account balances, because the social media giant wants to offer its users new services. Seeking to also be a place … Continued