By Gabrielle Saulsbery Published October 8, 2026 In a sweeping move that signals a fundamental shift in federal oversight of financial institutions, the U.S. Department of Housing and Urban Development (HUD) has launched a formal investigation into the mortgage lending policies of Wells Fargo & Company. The probe centers on the bank’s historic utilization of…
In a major leadership transition signaling the next phase of its post-scandal recovery, Wells Fargo announced on Wednesday that current Chief Operating Officer (COO) Scott Powell will transition into the role of Chief Risk Officer (CRO). Powell is set to succeed Derek Flowers, a nearly 30-year veteran of the San Francisco-based banking giant, who will…
By PYMNTS September 16, 2026 Main Facts Wells Fargo has officially integrated its renowned international money transfer service directly into its primary consumer banking application. Designated as ExpressSend Mobile, this new feature cements the institution’s position as the only major American bank offering a dedicated, native mobile remittance service embedded directly into its day-to-day digital…
SAN FRANCISCO – In a move that signals the intensifying arms race for artificial intelligence supremacy in the financial services sector, Wells Fargo & Co. has officially unveiled "AI Teammate," a generative AI-powered tool designed specifically for its fleet of financial advisers. Launched on July 15, 2026, the tool represents the latest milestone in the…
