Busted: Wells Fargo Axes 5,300 Employees In Banking Industry’s Biggest Cross-Selling Scam Ever

According to the CFPB, Wells Fargo employees had been secretly creating unauthorized bank and credit card accounts — millions of them, without people’s knowledge or consent. The scandalous activity was widespread, and persisted for years.


After Wells Fargo Settlement, Questions About the Scandal Emerge

In the wake of the announcement that Wells Fargo would pay $185 million in fines, plus millions more in restitution to customers who were charged fees after employees unknowingly opened bank or credit card accounts in their names, finance industry experts and consumer advocates were left scratching their heads over how things went so wrong, for so long, while bank customers tried to digest what this meant for them.


Why There Isn’t More Outrage Over VW’s Emissions Scandal

The travails of Volkswagen’s leadership continue with questions as to whether senior leaders of the organization will be charged with criminal offenses for their role in the expanding emissions scandal.

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