That doesn’t seem proper to be able to enforce an arbitration clause for grievances arising from an account that someone had no knowledge of and Wells had no permission or right to set up.
Changes are already happening at Wells Fargo – insurance division is being sold as announced in the press several months ago. From what I have read Sloan is making changes. I understand the Senators statement that the last CEO said there was nothing else lurking in the bushes — but if the corporation is so big that the CEO loses touch with everyday practices, then it is time to make it a bit smaller and tighter in management control. Hope the investigation continues and all of the “bushes” get a shakedown to be sure nothing else is hiding.
That doesn’t seem proper to be able to enforce an arbitration clause for grievances arising from an account that someone had no knowledge of and Wells had no permission or right to set up.
Wells Fargo is one of the worst of the bank offenders. Hopefully, they will be broken up into tiny pieces.
Changes are already happening at Wells Fargo – insurance division is being sold as announced in the press several months ago. From what I have read Sloan is making changes. I understand the Senators statement that the last CEO said there was nothing else lurking in the bushes — but if the corporation is so big that the CEO loses touch with everyday practices, then it is time to make it a bit smaller and tighter in management control. Hope the investigation continues and all of the “bushes” get a shakedown to be sure nothing else is hiding.