yeah... and that's part of the problem!
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 ...
When D.C. sucks all the wallets of U.S. citizens dry, the businesses do what they can, shady or not, to survive.
It has become survival of the cheatest.
Banks aren’t the only ones doing this; hospitals can do it. I caught my local hospital applying money my wife paid on her account and applying it against my account. Now I have to audit the accounts.
I wonder how many hospitals are applying funds at their discretion and how many patients are overpaying.
Please deposit 7 grand now so I can go buy a new compound turbo for my cummins !!......:o) < /SARCASM>
I want 5,300 people in jail
0.........
0.........
They aren’t now.......
yeah... and that's part of the problem!
LOL!
Yeah, I said averages out to...
Thing is, WF treated him like crap and a couple other places that he went to were happy to have him. I’m not his financial planner so I can’t really know, but he seems solid to me.
That is the usual way to keep a scam going. If anyone complains and says you are a crook, then give him his money back at once. Then, he won’t go to the police with his story, and you can continue swindling those who don’t complain.
Here we have
MILLIONS of Criminal COunts of Identity Theft
MILLIONS of Counts of FELONY FRAUD
MILLIONS of Counts of FELONY MONEY LAUNDERING
Thank God NOBODY is Going to JAIL!!
Thank God Attorney General and US SENATE CANDIDATE Kamala Harris is Looking out for the Victims/s
Unbelievable.
LOL!!! My first thoughts exactly! That behemoth Consumer Financial Protection Bureau, part of the Dodd-Frank bill that was signed into law did exactly NOTHING to prevent, detect, or crack down on this.
<We use a local Credit Union as our bank.
One of the benefits of living in a college town in fly over country is that many of the services I use are local. Makes a big difference - and it’s nice actually knowing the people in ‘real life’ who work at places like the credit union.
And *NO* executives.
“Well, I don’t think they did it to steal depositor money exactly, they were trying to hit their monthly quotas for opening new accounts.”
Well put. Take a look at the careers section for any major bank - especially where it comes to hiring personal bankers. Cross-selling of products (and likely a quota to go with it) is a major part of those positions.
Didn’t make quota? You were probably out the door.
But this wasn’t the case of a few renegade personal bankers or even a few over-zealous branch offices. This problem looks like it was endemic at WF. I definitely have to think that mid-mgmt and upper mgmt had to know something had a bad smell about it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.