Tag Archives: Wells Fargo

Attorney general creates foreclosure prevention group

July 16, 2012

1 Comment

Attorney General Jim Hood has announced the creation of the  “Mississippi Foreclosure Prevention Consortium” to assist homeowners who are struggling as a result of the foreclosure crisis. “The consortium was created through funding from the National Mortgage Settlement that was entered into earlier this year with the nation’s five largest mortgage servicers,” the General Hood’s office. […]

Continue reading...

Some states to use foreclosure settlement money to patch budgets

February 16, 2012

1 Comment

Seeing a chance to plug budget holes in their states, three governors are laying claim to portions of a recent $25 billion mortgage foreclosure settlement to be paid by five of the nation’s largest banks. Where authority for use of the money rests is not entirely clear. Some media reports say U.S., Attorney General Eric […]

Continue reading...

Hood details spending of state’s $47.1M share of foreclosure settlement

February 10, 2012

1 Comment

A proposed national foreclosure fraud settlement provides an estimated $47.1 million in direct relief to Mississippi homeowners and addresses future mortgage loan servicing practices, Attorney General Jim Hood said Friday in announcing Mississippi’s participation in the $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud. The five […]

Continue reading...

Foreclosure fraud deal offers payments to displaced homeowners

February 9, 2012

0 Comments

Up to two million Americans could benefit from mortgage relief from the nation’s biggest banks under a foreclosure fraud settlement of $25 billion announced Thursday. Mississippi and 48 other states signed on to the deal with Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial. The only remaining holdout is Oklahoma. The deal […]

Continue reading...

UPDATE: DEAL IS DONE … Foreclosure settlement said gaining key state support

February 8, 2012

0 Comments

WASHINGTON — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal. Under the agreement, five major banks […]

Continue reading...

Antics of big banks give credit unions, community banks early holiday gift

November 20, 2011

0 Comments

Mississippi credit unions saw ‘some activity’ from ‘Bank Transfer Day’ while community bank Renasant grew accounts in state markets by 32 percent Breaking up isn’t so hard to do, after all. At least that’s what the Credit Union National Association reported a few days after the Nov. 5 national “Bank Transfer Day,” a protest staged […]

Continue reading...

What next for banks after failed debit fee experiment?

November 13, 2011

0 Comments

Dead in a near blink of an eye. That’s how history will chronicle the big idea banks had for ginning up revenue through a monthly fee to customers for debit-card transactions. Perhaps you can blame awful timing. Parks in cities across the nation began filling up with protests against Wall Street and the banking system […]

Continue reading...

Bank of America joins parade of banks dropping debit fees

November 1, 2011

1 Comment

Hoping to head off a customer uprising, Bank of America became the latest U.S. banking giant to drop plans for charging customers monthly fees for debit card use. The Charlotte financial services company had planned to initiate a $5 fee at some point in 2012. But after Wells Fargo, Chase, SunTrust and Regions eliminated fees […]

Continue reading...

Customer ‘feedback’ leads Regions, SunTrust, Wells Fargo to end debit card fees

October 31, 2011

2 Comments

Regions Bank and SunTrust customers in Mississippi and elsewhere can say goodbye to the monthly debit card fees the banks assessed for using the card for making purchases. The Birmingham-based Regions, which holds the largest bank market share in Mississippi, followed SunTrust, Wells Fargo and Chase Bank in pulling the plug on the fees. Regions […]

Continue reading...

Wells Fargo, Barclays see growth in wealth management

December 14, 2010

0 Comments

By Ted Carter Banking giant Wells Fargo wants to expand its wealth business and London-based Barclays Wealth will soon be stepping up its hiring of wealth managers in the United States. Wells Fargo CEO John Stumpf told a recent conference in New York that the bank has concluded its wealth business is “sub-optimized” and could […]

Continue reading...