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Old 05-31-2017, 04:24 PM
 
6,557 posts, read 1,932,553 times
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New York City will cut ties with scandal-ridden Wells Fargo Bank, Mayor Bill de Blasio and Comptroller Scott Stringer said today, in a press release announcing that each would vote to prohibit the city from depositing money in Wells Fargo accounts. In addition, both said they would vote against the bank being in charge of offering the city's municipal bonds for one year.

De Blasio & Stringer Announce Wells Fargo Bank Will No Longer Get City Deposits: Gothamist
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Old 05-31-2017, 04:28 PM
 
Location: In the heights
21,997 posts, read 23,527,518 times
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Besides, Wells Fargo is based in San Francisco. The city should put its money in friendly neighborhood institutions like Chase or Citi. Bank local!
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Old 06-01-2017, 08:38 AM
 
1,554 posts, read 1,042,255 times
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Good. Anything that hurts Wells Fargo makes me smile. Those thieves should be in prison for all their dirty shenanigans.
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Old 06-02-2017, 04:09 PM
 
6,557 posts, read 1,932,553 times
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Quote:
Originally Posted by 5-all View Post
Good. Anything that hurts Wells Fargo makes me smile. Those thieves should be in prison for all their dirty shenanigans.
I agree. The problem is that generally the only thing that happens is that the banks get a fine that doesn't impact them at all.
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Old 06-02-2017, 05:04 PM
 
Location: Plandome, NY
7,066 posts, read 8,132,660 times
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Who cares. Another bank will take their place. NYC is chock full of banks, Starbucks/DD, and Duane Reade/Walgreen on every corner.
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Old 01-29-2018, 08:27 PM
 
Location: Los Angeles
388 posts, read 145,388 times
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Wells Fargo was actually up to shenanigans before all of this sh** that hit the fan. In 2010 I was told that I needed to convert my existing checking account into a "new account" and that it wouldn't cost me anything. As it turns out it was a ticking time bomb account. After a year I suddenly began getting $20 monthly maintenance fees for not maintaining $1,000 monthly balance. This was different that how my previous "account" worked. And because I didn't notice this fee until 3 months later, they would only remove 2 out of 3 of the $20 fees. They got my $20 but I bailed and went to US Bank. So I was not at all surprised when the whole Wells Fargo meltdown happened a few years later.
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Old 01-29-2018, 08:35 PM
 
3,700 posts, read 2,803,179 times
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quote:
After a year I suddenly began getting $20 monthly maintenance fees for not maintaining $1,000 monthly balance.

Try to INSIST on talking to a higher up if you can, walk into a bank branch street level. I was able to convince HSBC that they were being super mean to me for being low income blah blah blah. Most people who work in banks will work with you if you can plead a good case. Remember, THEY need OUR money... as paltry as our bank accounts might seem. People don't put up a good fight anynore versus big corporations. Try it sometime, you will be shocked at what you can achieve.
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Old 01-29-2018, 08:38 PM
 
3,700 posts, read 2,803,179 times
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drop the word "grandfathering" into it if you can. It works. They accept, or you walk, and 9 times out of 10 they will keep you on as long as you aren't a scrub who goes into deliquiencies with bills and stuff.
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Old 01-30-2018, 08:21 AM
 
Location: Manhattan
21,418 posts, read 28,234,471 times
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I was able to convince HSBC that they were being super mean to me for being low income blah blah blah.


With HSBC you might also say that you are thinking twice about a bank that pled guilty to a multi-billion dollar money laundering scheme for Mexican drug cartels.
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Old 01-30-2018, 09:19 AM
 
1,309 posts, read 2,996,989 times
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That why I love my credit union
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