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They really have no shame . . . in anyone else is fired it should be the big shots -- and with no golden parachute. They should go to prison, actually.
I hope the some of the 5300 will file suit because the Company placing them in an untenable situation.
I wonder how far this will go up and who will be the scapegoat?
JMO.
They didn't seem to think it was an "untenable" situation at all by their actions breaking the law.
They could have reported it ... oh, but they were scared of being fired? What do you think will happen to you when you break the law? You have to report it, get fired, then you can win a lawsuit. If you go along with it and get caught and then sue ... not so much of a good chance of winning. Well wait, now-a-days in America I guess you can!
I haven't read most posts on this thread, but I've known for years, that Wells Fargo wasn't where you wanted to do business. When my daughter was in college, she had her money with Wells Fargo. Granted, she was a college student, and probably didn't keep as close an eye on finances as she should have, but the number of times she was charged penalty fees, far exceeded the number of times it should have happened. How do I know? I kept an eye on her account, and they manipulated everything to their advantage. Many times, she was charged fees when she shouldn't have been. Once I caught on to their pattern of deception, I had her close that account, and made her promise never again to do business with Wells Fargo. For many years, now, I've warned people against them...looks like I was right.
If only the rank and file employees are punished for this, that's a travesty. Those who ran the company were complicit in this deceit, and they need, also, to lose their jobs.
I've been a wells customer a long time but this story really rubs me the wrong way. To top it off I got an email from the CEO yesterday about how they were doing bad things but promise to do better now. Yeah right. I'm switching over to a local credit union as soon as my pending payments clear.
I haven't read most posts on this thread, but I've known for years, that Wells Fargo wasn't where you wanted to do business. When my daughter was in college, she had her money with Wells Fargo. Granted, she was a college student, and probably didn't keep as close an eye on finances as she should have, but the number of times she was charged penalty fees, far exceeded the number of times it should have happened. How do I know? I kept an eye on her account, and they manipulated everything to their advantage. Many times, she was charged fees when she shouldn't have been. Once I caught on to their pattern of deception, I had her close that account, and made her promise never again to do business with Wells Fargo. For many years, now, I've warned people against them...looks like I was right.
If only the rank and file employees are punished for this, that's a travesty. Those who ran the company were complicit in this deceit, and they need, also, to lose their jobs.
I've been hearing bad things about Wells Fargo for years--Bank of America, too--but I knew when they hired my niece, that there was no hope.
TD Bank isn't any better. My son was always getting smacked with charges. After some sort of legal action, he got a check for $500.
But all we need is government regulators to get out of the way, and cut taxes on big corporations. Those businesses will then do what is right by customers and employees out of the kindness of their hearts, make lots of money, and that money will trickle down to everyone else and create a job for everyone who wants one!
They already believe that anyone who wants a job can get one. Many of them even believed that at the height of the Great Recession.
Good, but my mattresses doesn't steal from me. Plus banks and investors have falsified statements and paperwork in the past, my mattresses never falsified paper, well that I know of.
Were you an adult in the 1970s? Beware hyper-inflation.
So I went into Wells Fargo yesterday to cancel my checking and savings account. When asked a reason I cited the story in the news and how I am not interested in doing business with a company like this. You should have heard the speech I had to endure. They begged and pleaded and brought out graphs and charts. In the end I said, there is NOTHING you can do. Please close them. Then the closer (manager) came in and tried again! And they wonder why people hate them.
Good Riddance Wells Fargo.
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