Less than a week after a report alleged, and Wells Fargo admitted, to charging its auto loan customers for unnecessary and unwanted insurance, the bank has been subpoenaed by New York state banking and insurance regulators over the matter. Reuters reports that the New York Department of Financial Services sent subpoenas to two of Wells Fargo’s banking units today in …
NYS Entity Status
NYS Filing Date
AUGUST 07, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - MT INSURANCE AGENCY & FINANCIAL SERVICES INC.
AROUND THE WEB
- Wells Fargo Subpoenaed Over Alleged Insurance Scheme That Resulted In 25,000 Vehicle Repossessions
By Ashlee Kieler - Wednesday Aug 2, 2017
- 25,000 Wells Fargo Customers Lost Vehicles After Bank Charged For Unwanted Insurance
By Ashlee Kieler - Friday Jul 28, 2017
Nearly 25,000 Wells Fargo customers, including many servicemembers, lost their vehicles after failing to pay for unneeded, unwanted insurance the bank charged them for, according to a new report suggests. The New York Times reports that a 60-page internal report prepared for Wells Fargo executives details the bank’s latest customer service fiasco involving hundreds of thousands of people who were …
- A New Hispanic Approach For Financial Services
Thursday Jan 26, 2017
The financial services industry is no stranger to the Hispanic market. Many of the largest national and regional banks, insurance companies, tax preparation and investment firms have been targetingthe Hispanic market for years. In 2014, the financial/insurance category spent a total of $352 million in measured Hispanic-targeted media (Nielsen, SSG). According to AHAA, from 2006 to 2010,expenditures by the financial services category saw a major increase in allocation of overall ad spending to the Hispanic market.
- Four Credit Repair Agencies Accused Of Misleading Customers, Charging Illegal Fees
By Ashlee Kieler - Tuesday Jun 27, 2017
Four different “credit repair” operations have been ordered to pay a total of more than $2 million in penalties for allegedly tricking people into thinking their bad credit could be easily fixed.The Consumer Financial Protection Bureau announced today that it filed complaints and proposed judgments against Prime Credit, LLC, IMC Capital, LLC, Commercial Credit Consultants, and Park View Law, …
- Fearing Trump changes, Covered California is 1st in U.S. to promise insurers help
By Catherine Ho - Thursday Aug 17, 2017
Covered California, the health insurance exchange created under the Affordable Care Act, will take the unprecedented step of offering insurance companies financial incentives, and guardrails, to encourage them to continue selling health plans through its program. The agency’s board on Thursday approved a proposal to allow insurers to raise premiums more than normal between 2019 and 2021 if they lose more money than expected in 2018 due to federal policy changes, such as a lack of federal enforcement of the health law’s individual mandate. This will allow insurers, in future years, to recoup losses they may see in 2018.
- Insurance Giant Aetna Is Leaving Hartford for New York City
By SARAH MASLIN NIR - Thursday Jun 29, 2017
Aetna will move to new headquarters in Manhattan, drawn by New York’s emergence as a digital powerhouse, as well as financial incentives.