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University of California professor Raphael Bostic has made history Monday as the first African-American president of one of the Federal Reserve's 12 regional banks.

Last week, Wells Fargo Bank agreed to pay $185 million in fines and refund customers some $2.5 million. Why? Mellody: It’s pretty straightforward. Some employees at Wells Fargo were caught illegally signing customers up for products – credit cards, deposit accounts, other items – that they had not requested. According to Wells Fargo, the company’s […]

  Tom: This morning you join us to talk about overdraft charges. Mellody: I do, because this is a very big issue many people are confronted with…

Tom: You join us this morning with a very interesting topic today – the unbanked. Mellody: It is an interesting subject, tom, even if it sounds…

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