I despise Wells Fargo as a fee-hungry bank that watched accounts close because they refused to listen to complaints about fees; long ago they stopped sending out customer satisfaction surveys (they really couldn’t care less).
That being said, I can’t for the life of me figure out how they thought these scams were going to work; did they really think most of these victims wouldn’t notice new fee-laden accounts opened in their names? I mean, you need an opening deposit from somewhere, no?
US Supreme Court said binding arbitration is ok. Now banks own you. They could cr*p on your porch, and closed door ‘arbitration’ is secrecy. They could sexually harass your daughters openly and you have NO RIGHTS.
Flip side, you say no in closed door arbitration, say you then are denied binding arbitration, and contract is voided. Agree to NOTHING in secret arbitration.
All corporations’ contract clause say you have no rights. That is how they write those 50 page monster contracts eg a new job. You are nothing.
They took it from your checking or saving account. I closed my accounts with them after I found out about their fraud. They paid back what they stole. A trivial amount. I left.
“I mean, you need an opening deposit from somewhere, no?”
i think WF made unauthorized transfers from existing customer accounts to open these new, fraudulent accounts.