Post Profile

Wells Fargo hit with multiple lawsuits over bogus accounts, aggressve sales quotas

 As beleaguered banking giant Wells Fargo & Co. deals with inquiries from federal prosecutors and scrutiny from lawmakers, it’s facing a growing number of civil lawsuits brought by customers and former employees. In a little more than two weeks since the San Francisco bank admitted that employees...
read more

See more about: Wells Fargo

Related Posts

Wells Fargo still facing suits from customers, employees over bogus accounts

Health : LA Times: Health

Despite a blockbuster settlement announced Thursday, Wells Fargo isn’t done fighting allegations that its aggressive sales culture pushed employees to create accounts that customers never authorized. The San Francisco banking giant ...

Wells Fargo to pay $150 million-plus over allegations its workers opened fake accounts

Business & Finance : Money & Co

City and federal officials have reached a settlement of at least $150 million with Wells Fargo over allegations that the bank’s employees, driven by strict sales quotas, regularly opened new accounts for customers without their know...

Wells Fargo fires thousands of workers for opening 2 million bogus bank accounts

News : The Raw Story

WASHINGTON — A federal banking industry regulator has fined Wells Fargo after its employees were found to have secretly opened deposit and credit card accounts in order to meet sales quotas. The Consumer Financial Protection Bureau ...

Robert Reich: Congress pretends to shame corrupt CEOs – but does nothing to stop their crimes

News : The Raw Story

Last week, Congress engaged in a bipartisan barrage of CEO bashing. The Senate Banking Committee assailed Wells Fargo CEO John Stumpf for pushing employees to create as many as two million bogus bank and credit card accounts without...

Ex-Wells Fargo Employees Sue, Allege They Were Punished For Not Breaking Law

News : The Two-Way

Wells Fargo staff secretly opened millions of unauthorized accounts to meet lofty sales targets. A class-action suit has been filed on behalf of employees who obeyed the law and failed to meet quotas.


Copyright © 2016 Regator, LLC