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The revelations at Wells Fargo are reminder to directors that when a bank's performance is too good to be true, it likely is.
September 19
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Receiving Wide Coverage ...Too much pressure: Wells Fargo's sales culture "rooted itself so deeply … that it eventually spiraled out of control," the Wall Street Journal reports. "Questionable sales tactics … were an open secret in Wells Fargo branches across the country," according to interviews the paper conducted with more than three dozen current and former employees, from area presidents down to tellers. "Many branch managers routinely monitored employees' progress toward meeting sales goals, sometimes hourly, and sales numbers at the branch level were reported to higher-ranking managers as many as seven times a day. Tension about how to meet the sales targets was common."
September 19 -
Here's why credit unions cannot afford to sit back and wait until after the election to lobby lawmakers.
September 19
Caltech Employees Federal Credit Union -
Troy Leach, chief technology officer for the PCI Council, sat down with PaymentsSource to reflect on the council's performance to date and where it is headed in the coming years.
September 18 -
Visa and Mastercard have both entered into partnerships with PayPal, turning a new page following a long history of competition
September 18
Chargebacks911 -
Subway is learning that to get people into its stores, its mobile app has to be every bit as compelling as its menu.
September 18 -
Therapy for children, raising funds to cure cancer and anniversary celebrations are just a few of the latest ways CUs are giving back to the communities they serve.
September 16 -
The $4 billion-asset company said in a press release Friday that the notes will bear an initial fixed interest rate at 5.1%. The debt will mature in 2026.
September 16 -
Carolina Premier Bank in Charlotte, N.C., has hired Don Jackson from Community One Bank in Asheboro, N.C., as director of Small Business Administration lending, a new position at the bank.
September 16 -
The embattled bank is under pressure to claw back bonus pay from executives. Its decision figures to have ripple effects throughout the industry.
September 16



