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Name. 1-Star Reviews Nationwide. Total Assets. Bank of America. 2,256. $3.2 trillion. Assessment. Credit One Bank. 2,168. $878 million. Assessment. Wells Fargo. 2,019
Wells Fargo user reviews. While some customers commend Wells Fargo for being impressively reachable, others complain about undue overdraft charges, mail sent to wrong addresses, account closures ...
Since 2016, Wells has spent billions of dollars settling civil and criminal charges related to a multiyear scheme that led to more than 2 million fake accounts being opened without customers ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
Credit bureaus report both negative and positive information about a consumer's use of credit; a ChexSystems report specifies only negative information, if any, about a consumer's use of deposit accounts. Thus, if two customers have both made the same banking errors in the past, while one of them has maintained a number of positive banking ...
Wells Fargo was exposed for opening millions of unauthorized bank accounts in 2016. This was done by the firm's retail bankers, who were encouraged or coerced by some supervisors. [9] The CEO (John Stumpf) and other executives were dismissed. Regulators subjected the bank to fines and penalties, and customers reduced, suspended, or discontinued ...
The CFPB report broke down overdraft and NSF revenue in 2023 by bank and listed JP Morgan Chase as earning the highest amount ($1.1 billion), followed by Wells Fargo ($937 million), PNC Bank ($258 ...
Wells Fargo is dealing with a technical issue that has resulted in customers reporting that their direct deposits had disappeared from their bank accounts.