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Wells Fargo admits to signs of retaliation

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Mortgage Professional America | 23 Jan 2017, 12:51 PM Agree 0
Wells Fargo says it’s found signs that employees who spoke out against unethical sales practices may have faced retaliation
  • call me skeptical | | 23 Jan 2017, 01:42 PM Agree 0
    Out of the many employees who made the effort to actually report this fiasco (never mind all those who just moved on quietly), only a tiny fraction had any merit? How does Wells Fargo juxtapose that number with the MILLIONS of false accounts that were opened by employees whose jobs were at risk if they didn't meet ridiculous goals? Lie, lie and deny.
  • | | 23 Jan 2017, 02:09 PM Agree 0
    Wells, BA, Chase and Citi have been holding themselves above the fray. "We never wrote subprime". "We are victims". Give me a break. They are inefficient, multi-headed snakes who should be more highly regulated than small, community banks or lenders. This is just another example. And I'm sure soon there will be another from the Big Box banks.... Maybe the billions of dollars in fines (which you only pay when you break the law by the way) will go towards a good cause?
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