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The U.S. Treasury Department, in coordination with Qatar, imposes sanctions on United Arab Emirates real estate company Aldar Properties and seven residents of Bahrain, Qatar and Saudi Arabia for allegedly financing Hezbollah.
2021-09-29

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

Wells Fargo bank is fined US$1 billion by the United States government for mishandling of mortgages and automobile loans. Wells Fargo is also ordered to reimburse customers who were overcharged.
2018-04-20

The U.S. Financial Industry Regulatory Authority fines several companies, including Wells Fargo, RBC Capital Markets, and LPL Financial, a combined $14.4 million for record-keeping problems that could have allowed company and customer documents to be altered.
2016-12-21

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

For $8.5 billion, ten banks settle to stop mortgage foreclosure process audits. The United States government regulators had been engaged in a loan-by-loan review of home loan practices during the Great Recession. Bank of America, Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, MetLife Bank, Aurora Bank FSB, PNC Financial Services Group Inc, Sovereign Bank NA, SunTrust Banks Inc, and U.S. Bancorp settle with regulators to pay out cash up to $125,000 to homeowners whose homes were being foreclosed when the paperwork problems emerged. Further, Bank of America agrees to pay $11.6 billion to government mortgage finance company Fannie Mae.
2013-01-7

Wells Fargo decides to pay a $175 million settlement in a subprime mortgage compensation case.
2012-07-12

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

Shirley Sherrod, an employee of the United States Department of Agriculture, resigns after a video on the internet surfaced showing her apparently making racist remarks regarding the foreclosure of a farm owned by a white farmer.
2010-07-20