4 December 2018 – Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan modification requests. About 60 percent of those homeowners went into foreclosure.
Read More!
More Stories
Happy Birthday CUCollector! Seventeen Years… Where Did the Time Go?
One Face. Sixteen Identities. $476,000 in Fraudulent Auto Loans
Did the CFPB Accidentally Create the Credit Washing Industry?
Q1 2026 Credit Union Auto Loan Delinquency – Déjà Vu All Over Again
$95 Million Missing: Rolexes, Teslas, a Honduras Home, and a Credit Union CEO’s Fall From Grace
Identity Theft, Fake Pay Stubs, and Nearly $69,000 in Fraudulent Loans