Chris Arnold appears in the following:
Wednesday, October 12, 2016
Wells Fargo CEO John Stumpf is retiring, effective immediately, in wake of the scandal over the bank's sales practices. Stumpf has been under fire since federal regulators fined the bank $185 million.
Tuesday, October 04, 2016
Wells Fargo workers blame a toxic high-pressure sales culture for pushing some workers to engage in deceptive practices — even in the bank branch at the company's headquarters in San Francisco.
Thursday, September 29, 2016
Wells Fargo CEO John Stumpf goes before the House Financial Services Committee on Thursday to further respond to questions about the misuse of customer accounts. Former employees are suing the bank.
Thursday, September 22, 2016
What can a city in decline do to make a comeback? In Springfield, Ohio, a new school is trying to turn the tide. But local leaders say keeping young people from moving away is key to economic revival.
Friday, September 09, 2016
Wells Fargo Bank is to pay $185 million in penalties after thousands of workers were found to have earned bonuses by illegally creating accounts for customers without their knowledge.
Thursday, September 08, 2016
Wells Fargo will pay $185 million in penalties following accusations the bank opened deposit accounts and credit cards for customers without their permission. The Consumer Financial Protection Bureau says bank employees opened more than 2 million accounts that may not have been authorized. The motive, according to regulator, was to hit sales targets and compensation incentives.
Tuesday, August 30, 2016
It's been almost a decade since the worse housing crash since the Great Depression. And while the housing market has healed in some ways, in others it's far from normal. Single family home construction is rebounding from the trough, but still far below historical norms and the homeownership rate just keeps falling.
Friday, August 26, 2016
The Consumer Financial Protection Bureau is sending undercover operatives to ferret out racial discrimination. They're called "testers" or "mystery shoppers" and pose as customers applying for loans.
Thursday, August 11, 2016
With rising home prices and low interest rates, Americans are spending a record amount of money fixing up their kitchens, bathrooms and man-caves. But a lack of skilled workers is limiting the boom.
Wednesday, August 10, 2016
Three of the nation's most prestigious universities face class-action lawsuits alleging the schools allowed financial firms to prey on employees by charging high fees in retirement accounts.
Monday, August 08, 2016
Wal-Mart is buying the discount e-commerce startup, Jet.com. With the $3.3 billion acquisition, Wal-Mart hopes to become more formidable in online shopping and mount a challenge to Amazon, the top online retailer.
Friday, July 01, 2016
Stacy Piagno and Kelsie Whitmore swing their bats against the barriers to women in professional baseball. They won't be the first such players but do join a very exclusive group.
Thursday, June 30, 2016
Toffler's warnings about 'information overload' and the accelerating pace of change in modern society made his seminal 1970 book a best-seller in the U.S. and around the world.
Monday, June 27, 2016
But fans hope Messi will rethink his declaration of "I think it's over" once the wave of postgame frustration at Argentina's 4-2 loss to Chile in Sunday's Copa America final has passed.
Friday, June 24, 2016
Britain's vote to exit the European Union is sending shock waves throughout the global economy. In the U.S., there are fears a slowdown in Britain and the entire European continent will harm growth at home as trade and exports stall.
Wednesday, June 22, 2016
Hastert will now be federal inmate number 47991-424 at the Rochester Federal Medical Center in Minnesota. He was sentenced to 15 months in a case involving hush-money paid to cover up sexual abuse.
Tuesday, June 21, 2016
Diablo Canyon's reactors are close to earthquake fault lines. Public concerns are split between the dangers of quake damage and of carbon dioxide gas released by the burning of fossil fuels.
Monday, June 20, 2016
James and the Cavs hoist the NBA trophy to 20,000 screaming fans at the airport as the city celebrates its first major sports championship in 52 years.
Monday, June 20, 2016
As of Monday, Costco has officially moved on from its 16-year relationship with American Express and is now partnered with Visa.
Friday, June 17, 2016
The former CEO of Countrywide Financial was investigated for alleged misconduct in the run-up to the financial crisis and mortgage debacle.