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Author Topic: Wells Fargo to pay $185 for screwing over their own customers  (Read 398 times)
fancy_pants
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September 08, 2016, 07:50:30 PM
 #1

Some time ago I had a viable business speeding people through bitcoin purchases after they had been victimized by cryptolocker.  The business was brisk and eventually I tried to open a Wells Fargo business account tied to my MSB registration in order to move my bitcoin purchases away from my 23 year old personal account.  In response,  Wells Fargo closed my long lived personal account, my new business account, and labelled me high risk so that my handful of other bank accounts were closed the same week.  I used to be a happy customer, but now I take pleasure when their shady behavior is exposed.  I just wish the fine was something large enough that shareholders would notice on their financials.

http://www.wsj.com/articles/wells-fargo-to-pay-185-million-fine-over-account-openings-1473352548


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RoomBot
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September 09, 2016, 09:54:29 PM
 #2

Some time ago I had a viable business speeding people through bitcoin purchases after they had been victimized by cryptolocker.  The business was brisk and eventually I tried to open a Wells Fargo business account tied to my MSB registration in order to move my bitcoin purchases away from my 23 year old personal account.  In response,  Wells Fargo closed my long lived personal account, my new business account, and labelled me high risk so that my handful of other bank accounts were closed the same week.  I used to be a happy customer, but now I take pleasure when their shady behavior is exposed.  I just wish the fine was something large enough that shareholders would notice on their financials.

http://www.wsj.com/articles/wells-fargo-to-pay-185-million-fine-over-account-openings-1473352548

Only 185 dollars??

You need to fix your Headline~!
vhong
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September 10, 2016, 01:23:47 AM
 #3

Some time ago I had a viable business speeding people through bitcoin purchases after they had been victimized by cryptolocker.  The business was brisk and eventually I tried to open a Wells Fargo business account tied to my MSB registration in order to move my bitcoin purchases away from my 23 year old personal account.  In response,  Wells Fargo closed my long lived personal account, my new business account, and labelled me high risk so that my handful of other bank accounts were closed the same week.  I used to be a happy customer, but now I take pleasure when their shady behavior is exposed.  I just wish the fine was something large enough that shareholders would notice on their financials.

http://www.wsj.com/articles/wells-fargo-to-pay-185-million-fine-over-account-openings-1473352548

Only 185 dollars??

You need to fix your Headline~!

I thought it was indeed $185 dollars only.
RoomBot
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September 10, 2016, 01:36:03 AM
 #4

Some time ago I had a viable business speeding people through bitcoin purchases after they had been victimized by cryptolocker.  The business was brisk and eventually I tried to open a Wells Fargo business account tied to my MSB registration in order to move my bitcoin purchases away from my 23 year old personal account.  In response,  Wells Fargo closed my long lived personal account, my new business account, and labelled me high risk so that my handful of other bank accounts were closed the same week.  I used to be a happy customer, but now I take pleasure when their shady behavior is exposed.  I just wish the fine was something large enough that shareholders would notice on their financials.

http://www.wsj.com/articles/wells-fargo-to-pay-185-million-fine-over-account-openings-1473352548

Only 185 dollars??

You need to fix your Headline~!

I thought it was indeed $185 dollars only.

^  Thanks!   Grin

I admit that The OP makes the point, however:

Even $185 M isn't enough.
swogerino
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September 10, 2016, 02:16:23 AM
 #5

I remember well fargo they were the creditors of best buy credit cards. Not sure because I canceled my card with them the moment I could after seeing on my statement that they were overseeing all best buy credit cards.
I think they still are so they have a huge reach of customers.

mamichula
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September 10, 2016, 03:51:30 AM
 #6

I was like wow, he's really happy that they got a $185 fine, perhaps it's just the symbolism of it all. But then noticed that it was 185 million.
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September 10, 2016, 03:58:09 PM
 #7

Why do people post OPs and then never read or respond to replies?

Maybe this OP is only noteworthy for its huge gaffe!
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