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
SEPTEMBER 17, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN BUSINESS CORPORATION
2014 - HBW INSURANCE & 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
- Ronald Reagan to be inducted in US Labor Hall of Honor
Thursday Aug 24, 2017
SIMI VALLEY, Calif. (AP) — Former President Ronald Reagan, a one-time Hollywood union leader who fired 11,000 air traffic controllers and crushed their union, will be inducted into the Labor Department's Labor Hall of Honor.Labor Secretary Alexander Acosta made the announcement Thursday at the Ronald Reagan Presidential Library & Museum in Simi Valley, California.The honor is for Americans who improved working conditions, wages and quality of life for families.Acosta noted that as president of the Screen Actors Guild in the 1940s and '50s, Reagan led the union through three strikes and negotiated health and pension benefits and residual payments for members.However, as U.S.
- 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.
- Silicon Valley Investors Flexed Their Muscles in Uber Fight
By KATIE BENNER - Thursday Jun 22, 2017
Start-up financiers have deferred boardroom control to founders in recent years. Travis Kalanick’s ouster indicates that could be changing.
- ‘Too Big to Fail’ Label May Shrink for Some Firms Under Trump
By VICTORIA FINKLE - Monday Sep 4, 2017
The Trump administration is examining the use of the designation for large non-bank financial institutions, with a closely anticipated Treasury report on the matter expected next month.