Kelly Tyko USA TODAY Published 9:40 PM EST Jan 10, 2019 Call them "shutdown specials" and "furlough freebies." While a deal to end the second-longest government shutdown appears to be far off, some businesses are offering furloughed federal workers a little relief ranging from free meals, restaurant discounts to deferring payments and zero-interest loans. Around 800,000 federal employees have been furloughed or working without pay since Dec. 21 and won't receive their next paychecks until the government reopens. Friday is the first payday most furloughed employees will miss. "We’re here to help ease the burden of trying to pay bills on time during the shutdown," AT&T said in a statement. "As long as the shutdown is in effect, our customer service team will waive late fees, provide extensions and coordinate with you on revised payment schedules." Other major wireless providers including Sprint, T-Mobile and Verizon are also willing to work with … [Read more...] about Government shutdown: Freebies, deals and help for furloughed workers
Request new debit card wells fargo
Sections SEARCH Skip to content Skip to site index Your Money Log In Subscribe Log In Today’s Paper Your Money | Wells Fargo Should Be More Generous With Federal Workers. Supported by Your Money The scandal-plagued bank could go a long way to help federal employees who aren’t being paid during the shutdown. Why hasn’t it done more? ByRon Lieber Jan. 4, 2019 Wells Fargo says it wants to make things right with the American public. After years of cheating its customers, the bank has a golden opportunity to make good on its promises. Since the federal government shutdown began two weeks ago, credit unions that serve large populations of furloughed and unpaid workers have offered their members short-term interest-free loans, a variety of fee waivers and increased lines of credit. But Wells Fargo is not stuffing its Twitter feed or news release list with any such offers. Instead, it’s offering up … [Read more...] about Wells Fargo Should Be More Generous With Federal Workers.
Education The Trump administration for months concealed a report that showed Wells Fargo charged college students fees that were on average several times higher than some of its competitors. The “unpublished” report was obtained by POLITICO through a Freedom of Information Act request. It was produced by the Consumer Financial Protection Bureau office previously led by Seth Frotman, who quit as the bureau’s top student loan official in protest of Trump administration policies. Frotman said in his resignation letter that CFPB leaders had “suppressed the publication” of the report. Story Continued Below The previously unseen analysis examined the fees associated with debit cards and other financial products provided by 14 companies through agreements with more than 500 colleges across the country. Wells Fargo provided roughly one-quarter of those accounts but the bank collected more than half of all fees paid by students, according to the report data. … [Read more...] about Trump administration hid report revealing Wells Fargo charged high fees to students
Susan Tompor Detroit Free Press Published 11:53 AM EST Dec 10, 2018 Hundreds of thousands of students across the country paid stiff banking fees after colleges cut marketing deals with big banks, based on a study obtained by the Free Press through a federal open records request. Collectively, students paid $27.6 million in account fees over just one year across campuses reviewed in a newly disclosed study conducted by the Consumer Financial Protection Bureau. The figure is likely higher since all schools were not reviewed. Colleges are looking for extra money, while banks want young customers. But the marketing marriage might be harmful to the pocketbooks of some cash-strapped students, depending on the type of agreement reached between the college and the bank. College students dished out as much as a weighted average fee of nearly $47 per active account to Wells Fargo in a 12-month period. Others, though, paid no charges on average to Fifth … [Read more...] about Some banks, colleges cut deals to share student account fees
New customers of Flagstar Bank were met with a host of issues Monday morning as the transition from Wells Fargo began, customers reported to KPC Media Group and our news partner, WANE-TV.Michigan-based Flagstar Bank acquired the area's Wells Fargo branches and opened them as Flagstar on Monday. With thousands of new customers, Flagstar prepared over the weekend for the switchover, and said they hoped to make the transition easy.Instead, customers reported issues in using debit cards and creating new accounts.One DeKalb County customer encountered an online message in which Flagstar apologized that it was unable to complete her request immediately.A long line of customers was spotted at Flagstar’s West 7th Street branch in Auburn. WANE said it went to several branches and found long lines of customers. WANE reported some customers said when they called local branches, no one picked up.On Twitter, Flagstar was responding to customers with the explanation: "We are … [Read more...] about Bank changeover creates customer issues