Wells Fargo agrees to pay $575 million to resolve state investigations | WHAT REALLY HAPPENED


Wells Fargo agrees to pay $575 million to resolve state investigations

Wells Fargo will pay $575 million in a settlement with attorneys general from all 50 states and the District of Columbia that are investigating fake accounts opened without the knowledge of customers and a string of other dodgy practices.

Under the agreement announced Friday, the bank will also create teams to review and respond to customer complaints about its banking and sales practices.

Webmaster's Commentary: 

Now, let me get my headbone around this, please: This amounts to a BRIBE by Wells Fargo, to all 50 states' attorney generals, to close their investigations on Wells Fargo's potentially illegal actions, "...and create their own Bank-hired teams to review and respond to customer complaints about its banking and sales practices" ?!?

What's wrong with this picture?!? Everything, because no one who signed off on these practices goes to jail, and the bank can continue "business as usual."

That anyone would continue to bank with an institution, the name of which should be "Wells Gangster Fargo", is a complete, utter mystery to me.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA