Wells Fargo & Co., which set aside $2 billion last quarter to deal with legal matters, said it’s in talks with the Consumer Financial Protection Bureau to resolve investigations.
The negotiations cover “a number of CFPB investigations, inquiries and other matters,” including cases involving automobile lending, consumer-deposit accounts and mortgage lending, the San Francisco-based firm said Monday in a regulatory filing.
“There can be no assurance as to the outcome of these discussions,” the bank said.
Wells Fargo said earlier this month that it was setting aside billions for a variety of historical legal matters, including litigation, regulatory cases and efforts to make customers whole.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Raymond James also lured another ex-Edward Jones advisor in South Carolina, while LPL welcomed a mother-and-son team from Edward Jones and Thrivent.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
