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American multinational financial services company Wells Fargo is fined $250 million for "unsafe or unsound practices" related to its home-lending practices by the United States Office of the Comptroller of the Currency.
2021-09-9

The White House announces that President Joe Biden will extend the foreclosure ban and mortgage forbearance through the end of June as an effort to address the economic impact of the COVID-19 pandemic.
2021-02-16

Key housing bills pass in California, the U.S. state with the highest number of people suffering from homelessness and poverty.
2017-09-15

Wells Fargo reports finding an additional 1.4 million potentially fake bank and credit card accounts, bringing the total problematic accounts to approximately 3.5 million.
2017-08-31

John Stumpf resigns as CEO and chairman of Wells Fargo amid a scandal over its sales practices.
2016-10-12

The scandal over improper practices of unauthorized accounts at Wells Fargo extends to thousands of small-business owners.
2016-10-4

International banking company Wells Fargo agrees to pay $190 million, including $100 million to the U.S. Consumer Financial Protection Bureau (largest ever for the agency), to settle a case involving deceptive sales that pushed customers into fee-generating accounts they never requested. The bank fired 5,300 employees over "inappropriate sales conduct." The firings took place over a five-year period.
2016-09-8

A watchdog group releases a report that details write-downs of $19 billion on more than 168,000 properties by five United States banks. Under terms of a federal and state settlement of foreclosure-processing violations reached one year ago in March, Bank of America lost the most and had $13.5 billion in homeowner debts written off. The other banks are Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, and Ally Financial Inc. [http:--www.foxbusiness.com-news-2013-02-21-us-banks-write-down-1-billion-under-settlement-?intcmp=obnetwork (FoxBusiness)]date=July 2019
2013-02-21

Fitch Ratings predicts that financial returns on commercial property in the United States will stabilize, though slowly, in the months ahead.
2011-09-23

The Hong Kong Monetary Authority announces it is to tighten some rules on mortgage lending, signalling that it is concerned about the dangers of a real estate bubble in Hong Kong.
2010-08-13