It is LONG past time for consumers to leave Wells Fargo Bank after one more revelation of customer mistreatment to enhance the bottom line. This time the bank has admitted charging 570,000 of its customers for auto insurance that duplicated coverage they were already paying for, causing financial strain that resulted in many to lose…
Category: banking
More reason to ditch Wells Fargo bank
Today (12/13/16) The Wall Street Journal reported that “U.S. regulators slapped Wells Fargo with new regulatory sanctions, saying the firm failed to address alleged ‘deficiencies’ in a plan to manage its own bankruptcy without a taxpayer bailout.” It appears that the executives running the bank are pretty clueless as reporters Tracy and Glazer wrote: the…
Dump Wells Fargo!
If you bank with Wells Fargo it’s time to dump that scandal-plagued institution and find another bank, or better yet, a credit union. Why would any consumer continue doing business with a bank that defrauds its customers? The scandal has been front page news in The Wall Street Journal for the past week. Bank policies…