Posted on 09/08/2016 1:14:35 PM PDT by Red Badger
Edited on 09/08/2016 1:41:02 PM PDT by Admin Moderator. [history]
Everyone hates paying bank fees. But imagine paying fees on a ghost account you didn't even sign up for.
That's exactly what happened to Wells Fargo customers nationwide.
On Thursday, federal regulators said Wells Fargo employees secretly created millions of unauthorized bank and credit card accounts -- without their customers knowing it -- since 2011.
(Excerpt) Read more at money.cnn.com ...
We use a local Credit Union as our bank. Everything is local................
....and cable companies as well...............
There ought to be criminal charges brought up on them.
Mu calculator doesn’t have that many numbers...............
2M/5300 = 377+ fake accounts per employee.
It happens when you have sloppy audit procedures in conjunction with required account promotions.
Think Target credit card.
There probably will be prosecutions and lawsuits galore!..................
Here comes the racism comments, but I’ll bet if you do a study you’ll find there is an illegal alien component to both the perpetrators and the victims.
Back in the subprime collapse days, Wells Fargo was one of the big players in issuing subprime loans to illegal aliens.
Wells Fargo is one of the banks that led the way in giving mortgages to illegal aliens. We all paid for that. I remember their reasoning was “Not everybody has a social security number. They are good people. It’s not fair to deny hundreds of thousands of dollars in mortgages to somebody just because you don’t know what their name is.” Wuck Fells Wargo.
‘Sneeze in a bank and SWAT surrounds you,’
As per Hillary, only if there is intent.
We cancelled our Target credit card years ago when that trouble first came to light...............
Karma....................sometimes slow, but always sure..............
They had to somehow come up with the funds to pay for the Clinton speeches. What better than 5,300 sycophant Wells Fargo employees lying and cheating people of their hard earned money. Perfect Clinton type employees.
That’s called effective employee training....*wink wink*
WF may be able to refund any charges, but they can’t repair the damage done to people’s credit.
From the same bank that was a big part of the ALT-A Home Loans to illegals that brought on the banking crisis in 2008. Too Big To Fail, Too Connected for Jail.
I would guess ‘fired’ is the first of about a hundred painful steps for WF.
I’ve received a lot of CC offers from them but never even glanced at the names, so I don’t know if I was somehow included.
First thing I do is sort the mail with the idea of just as much as possible goes into the trash bin just inside the back door before it gets any further into the house. That’s at least 75% of it.
Don’t feel too badly for them. Heard many have been hired by the democrat voter registration offices.
They are certainly not the Wells Fargo of old.
“Many customers who had unauthorized credit cards opened in their names were hit by annual fees, interest charges and other fees.”
“Oh look Ethel...here’s another charge on our statement that I don’t have a clue about. I won’t call the bank about THIS ONE either.”
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