wachovia bank

Senior citizens have long been a coveted demographic for financial fraud, but when banks, too, try to get in on the action, something really stinks. The case of a Wachovia client who recently sued the bank for turning a blind eye on a questionable practice that cracked her nest egg, and the...

A payment processor that illegally debited more than $200 million in charges from consumers' bank accounts in a massive nationwide scam has been fined $3.6 million, says the Federal Trade Commission. According to a December 2007 complaint filed by the FTC and seven states, Your Money Access, LLC...

After allegations of deceptive marketing from eight states, Wells Fargo has reached a settlement agreement. The bank will forgive $772 million in risky home loans and will pay $24 million to help reduce the impact of foreclosures on various communities.

Wachovia Bank may be on the hook for their role in a massive fraud. Suntasia Marketing Inc. was shut down by the Federal Trade Commission in July. They say it was a scheme that used telemarketers to offer "free" memberships to discount buying groups and travel clubs. The problem was that victims...