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U.S. Bancorp (USB) is about to add a service for Somali immigrants in the U.S.
April 17 -
The industry has asked the CFPB to delay the effective date for a rule expanding disclosures for remittance transfers.
November 2 -
Still unable to wire their money to family back home, many Somali-Americans in Minnesota recently lined up to withdraw their deposits from U.S. Bancorp (USB) and Wells Fargo (WFC) or have vowed to do so soon.
May 16
Wells Fargo (WFC) is temporarily waiving all fees on remittances to the Philippines to make it easier for customers to send aid to
The fee waiver began Monday and continues through Sept. 15, the $1.4 trillion-asset company
"Our hearts go out to all those who have been impacted by the floods," Daniel Ayala, who heads the company's global remittance services group, said in a press release. "We're working closely with our remittance network members in the Philippines to help our customers and team members support their families and friends as they begin the recovery process."
The only special requirement is that customers complete the first transfer in person at a Wells Fargo branch.
Wells Fargo offers international remittance services in Mexico, Central America and the Caribbean, South America and Asia.
