Pension funds sue Wells Fargo, alleging executives breached fiduciary duties

Barbara Burton Morriss had sued Wells Fargo in 2012 alleging breach of fiduciary duty for failing to tell her about financial transactions made by her son Burton Douglas Morriss to secure a $40.

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Pension funds sue Wells Fargo, alleging executives breached fiduciary duties Bonetti Contents Weak signal headquarters straightforward buspar Police officers’ retirement trust fund recoup excess fees 2010 mortgage sales jumped 11 Consumer.

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Wells Fargo employees sue over funds in retirement plans. seeks to recoup excess fees and unrealized profits stemming from Wells Fargo’s alleged breach of fiduciary duties to all 401(k.

CMBS Delinquency Rate Triples From a Year Ago, Passes 7%: Realpoint Bankrate: Loan Closing Costs Jump 36.6% Year-Over-Year Mortgage closing costs up 8.8% from year earlier .. The year-over-year change wasn’t nearly as high as the 36.6% increase in closing costs between last year and 2009, when fees averaged $2,739.

Wells Fargo & Co. will continue to allow retirement savers who work with its brokerage arm to pay commissions for trades, as Wall Street brokerages move ahead with plans to comply with new.

Pension funds sue Wells Fargo, alleging executives breached fiduciary duties Pension funds sue Wells Fargo, alleging executives breached fiduciary duties wells fargo cfo: Repurchase risk only applies to half its private mbs mortgage trustees seek .5b jpmorgan settlement. of law regarding fiduciary obligations in a limited liability company.

FHA serious delinquency rate inches up while originations decline  · FHA serious delinquency rate inches up while originations decline (DBN) Few in Ind. using state fund to avoid foreclosure (DBN) States where citizens carry the most mortgage debt (dbn) clause confidential: Bank of America is allegedly forcing borrowers to delete statements made on Twitter and Facebook (DBN)Treasury to Announce New Program to Avoid Foreclosure The Treasury Department released guidelines and forms for its new Home Affordable Foreclosure alternatives program (hafa). hafa provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program.

Attorney General Lynch Announces Five Major Banks Agree to Parent-Level Guilty Pleas Wells Fargo faces a new lawsuit claiming 401k self-dealing on the part of $3 billion of employee retirement savings. Plaintiffs allege the company funneled 401k plan assets into "expensive, under-performing" proprietary target date funds to enrich itself.

 · His threat to sue Wells Fargo and Bank of America comes a few days after he withdrew his objection to a separate proposed $8.5 billion settlement between Bank of America and a group of mortgage investors over soured loans. In 2011, Schneiderman asked a state judge to reject the pact on the grounds that a party to the settlement had committed fraud and had failed to act in the best.

In 2006, Mary and Jack Gray borrowed $300,240 from Wells Fargo as part of a reverse mortgage transaction. violations of the North Carolina Reverse Mortgage Act, breach of fiduciary duty, and unfair.

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