Incoming Wells Fargo CEO Charles Scharf has a long road ahead to fix the bank's regulatory woes, stemming from a scandal where up to 3.5 million unauthorized accounts were uncovered in late 2016, but he remains bullish on the outcome of that work.
Although he doesn't discount the company's issues, Scharf seemed confident in the bones of each line of business.
"The franchises are extraordinary, and the performance of the company over a long period of time was exceptional. That doesn't mean that the problems that came to light aren't real. They are very real, and the c...
Estate planning is a critical part of financial planning, but something many Americans procrastinate about. Yet drafting a will and a health care proxy or power of attorney, maybe creating a trust, and maximizing your loved ones’ inheritances by minimizing taxes are all important matters you don’t want to leave to chance.
Taking care of these key tasks properly limits the potential for family turmoil and possible legal battles should you become incapacitated, as well as after your death. An estate planner can help you prevent crucial missteps and assist you in adjus...
A foreclosure stays on your credit report for seven years, but according to a new study, the real damage is much shorter-lived than that.
New data from loan marketplace LendingTree shows that the bulk of foreclosure damage occurs within the first two years.
Initially, borrowers can see their credit score decline by 150 points or more, but with each year that passes, that score climbs about 10 points, on average. By the third year after a foreclosure, nearly half of borrowers have a 640 credit score or higher—largely considered a “fair” score by most standards.