Wells Fargo was recently fined for creating fake account's under Alias's and Identity Theft, It is now being sued in a class action lawsuit for shady/fraudulent debit card fee's and overdraft charges due to altering charge order's and time of entry for the fee's/payments.
This really reinforces my belief in the Crypto-currency system.. Especially so soon after a previous scandal!
Source and more info: https://www.vice.com/en_us/article/nev95x/wells-fargo-is-trying-to-bury-another-massive-scandal
I think there are plenty of solutions to this without the cryptocurrency platform.
To be clear, I do not support what Wells Fargo was doing... But I also think that people should accept personal responsibility for their actions. When you open an account, you sign a contract agreed upon by BOTH parties. Whether the contents of the contract are ethical is immaterial, as long as they are legal.
Lastly, I wish that our current media could refrain from directing insults while reporting stories. Both sides are acting like children. I have to read at least two articles on the same topic (from both sides of the issue) before I can even begin to find some vague form of the truth. I have lost almost all hope for any type of honest reporting anymore.
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Darn it. I use WF !!! :(
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We have a small loan with WF, but we don't bank with them, we use a credit union. Banks suck
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Banks do suck.
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yes they do, the good thing about credit unions are they answer to the account holders and not share holders.
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What do you expect from banking cartel
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