Wells Fargo facing new backlash over alleged fraudulent accounts
https://m.youtube.com/watch?v=7rwyNucSuWg&pp=ygUWd2VsbHMgZmFyZ28gMjAyNCBmcmF1ZA%3D%3D
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@yfb did you even look at the story?
The lawsuit doesn't allege that WF opened an unwanted account. it alleges that WF should have checked the info of the fraudster opening the account more carefully and not opened the account because of that
Not anywhere close to sales conduct.
It is not identity fraud. It is overly pushy sales goals and metrics that trickle through every single department, from the top. It's cross selling. Not "customer building" and not up for discussion from the "board of directors." It is fraud. Take a look at Senator Warren ripping the last CEO to bits. Nothing has changed. The same may happen to Shart. It's throwing innocent hard working people under the bus and a pay increase to the C-suite. You are a number (and in many cases can be a target if not a yes-man).
SHOCKER
It's identity fraud that happens at all banks and old news. This example was at WF. Banks let you open accounts then confirm identity via snail mail. They need to have an interim step that sets up an account profile online but doesn't open the account until the KYC rules are met.
Love the font