Post Tagged with: "National General"

Wells Fargo CEO and President Tim Sloan speaks to team members during a company wide town hall meeting in Pasadena, CA on May 16, 2017. (Via Wells Fargo)

Wells Fargo CEO Addresses Auto Scandals at Barclays Conference

September 13, 2017 at 12:39 pm 0 comments

Wells Fargo & Co. Chief Executive Tim Sloan spoke on a number of issues impacting the bank’s auto finance business during a presentation at the 2017 Barclays Financial Services Conference including the forced-insurance scandal, tightened underwriting tactics, and a possible increase in losses due to Hurricane Harvey. When asked aboutRead More

Forced-Insurance Provider Feels ‘Thrown Under the Bus’ by Wells, Analyst Says

Forced-Insurance Provider Feels ‘Thrown Under the Bus’ by Wells, Analyst Says

September 6, 2017 at 10:00 am 1 comment

Although Wells Fargo Dealer Services is investigating vendor oversight practices in response to its recent force-placed insurance scandal, the coverage provider in question — National General — claims it was in the right, Barry Karfunkel, chief executive of National General said during an earnings call. National General feels like “theyRead More

2013 Rose Parade Pasadena, California (Via Flickr/ Prayitno)

Wells Fargo’s Insurance Woes Differ From Fake Accounts Scandal, Company Says

August 9, 2017 at 12:29 pm 0 comments

On the surface, there are a lot of similarities between Wells Fargo & Co.’s faked checking accounts scandal and Wells Fargo Dealer Services wrongful charges for collateral protection auto insurance — but the lender argues the “root cause” is very different.   In the first instance, bank employees — inRead More

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