erroneously Archives - Citizen Watch Report

Bofa reduced my credit limt from $20000 to $200 erroneously! Any one has experience with this?

December 7, 2023 11:30 am

by kabkar1234 I called in to reduce my cash advance limit to the lowest possible amount and I was told $200 is the lowest I can do. I told the agent to proceed. As I refreshed my screen I noted that my Total credit limit was reduced from 20k+ to $200. I asked the agent …

The SEC claims that Wells Fargo erroneously applied advisory fees to almost 11,000 investment accounts, resulting in overcharges

August 25, 2023 8:09 pm

“For an extended period, Wells Fargo allegedly imposed fees higher than necessary on nearly 11,000 investment advisory accounts, totaling around $27 million, as asserted by federal regulators on Friday. The Securities and Exchange Commission’s assertion is that Wells Fargo’s charges were unduly elevated. Wells Fargo, without acknowledging or refuting the SEC’s accusations, consented to pay …