Posts Tagged: Wells Fargo

The Fight Against Quicken Loans (but why now)?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Business Insider, with debt sitting at $9.2 trillion for the U.S. lending market, the industry has been the slowest to digitize and have had little incentive to remove friction from the customer application process. Questions: What has Rocket Mortgage added to the industry to become the largest residential mortgage originator by volume? According… Read more »

A Three-Hour Tour – But Not Gilligan’s Island

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Barbara Carroll’s quick trip to the bank turned into a nearly three-hour ordeal after a Wells Fargo branch accused the 78-year-old black woman of forgery. Questions: 1. How many forms of identification did Ms. Carroll have to show? 2. Why is Ms. Carroll suing the bank and why does she want a jury trial? 3…. Read more »

Another Sad Wells Fargo Story

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, more than 800,000 people who took out car loans from Wells Fargo were charged for auto insurance they did not need, and some of them are still paying for it, according to an internal report prepared for the bank’s executives. Questions: 1. How many customers were forced into delinquency… Read more »