Wells Fargo To Pay $3 Billion In Settlement For Fake Accounts Scandal | NBC Nightly News

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As part of the settlement, “Wells Fargo admitted that it collected millions of dollars in fees and interest to which the company was not entitled, harmed the credit ratings of certain customers, and unlawfully misused customers’ sensitive personal information,” according to the U.S. State Attorney’s Office of the Central District of California.
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Wells Fargo To Pay $3 Billion In Settlement For Fake Accounts Scandal | NBC Nightly News

Опубликовано:

20 фев 2020

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Комментарии : 117

@rippleeffect8311 4 года назад

W.F kept my $38 then closed my savings account. Please make them pay every penny even though it is a lie..

@admin5912 3 года назад

Get free money on your wells fargo now @prime_hacks1 on instagram

@ninjasolbadguy 4 года назад

So the people who are affected by the scams aren't getting the money, not to mention Wells Fargo were targeting black elderly customers to take advantage of them. I love the U.S. Justice system...

@doynefernandez 4 года назад

One of the greediest bank! 😡😡😡😡😡

@liamwatson5125 4 года назад

Don Dez Yes indeed! I sure won’t take my business with them! There’s teeth in the other end!

@TylerMatthewHarris 4 года назад

They'll only pay a small percentage of that.

@maxm4696 4 года назад

no theyll pay it all. You're right that usually companies dont pay the while thing though.

@beadonitboard 4 года назад

SO..NOTHING GOES BACK TO THE CUSTOMERS THAT WERE SOOOO DAMAGED?? THAT....is even more disgraceful

@maxm4696 4 года назад

wrong they get compensation not as much as they lost though i believe.

@jonathanm5755 4 года назад

Nothing for the employees who got fired 1) for not meeting wrong goals 2) got caught following wrong instructions 3) blew the whistle.

@timhays6072 4 года назад

I was also one of those affected and when I received some paperwork in the mail to add my name to the list of people in the lawsuit, I filled it out, but I'm positive that they will find some legal way to make sure that all of us don't get any of that $3Billion!

@admin5912 3 года назад

Get free money on your wells fargo now @prime_hacks1 on instagram

@sanbruno6010 Год назад

PEACE LOVE UNITY HONESTY PROSPERITY FREE THINKING GOOD HEALTH KINDNESS HAPPINESS OPTIMISM

@jdub6153 4 года назад

How does a company have to pay a $3b fine and no one goes to jail? Meanwhile unarmed robbery gets you time in the slammer....please explain to me the difference?

@sanbruno6010 Год назад

PEACE LOVE UNITY HONESTY PROSPERITY FREE THINKING GOOD HEALTH KINDNESS HAPPINESS OPTIMISM

@tonebalone9203 4 года назад

An how much money did they make by doing the fraud, I'm sure, this is 1% of the profit they made overall. Lol an nothing goes back to the victims, duh! Lol 😆

@petermontes2034 4 года назад

Tone Balone 100%

@rideordis810 4 года назад

Exactly! Cheaper to pay the fines than follow the rules. Capitalism at its finest.

@admin5912 3 года назад

Get free money on your wells fargo now @prime_hacks1 on instagram

@petermontes2034 4 года назад

I’m not surprised if they made more in that decade than 3billion

@maxm4696 4 года назад

they make about 20 billion a year

@admin5912 3 года назад

Get free money on your wells fargo now @prime_hacks1 on instagram

@sanbruno6010 Год назад

PEACE LOVE UNITY HONESTY PROSPERITY FREE THINKING GOOD HEALTH KINDNESS HAPPINESS OPTIMISM

@captzoom1778 4 года назад

Are you telling me not one person is going to jail over this how can they do something illegal and not go to jail just because they have money this is so not right

@cassandrajoiner9933 4 года назад

Because we as a people worship the rich.

@CherubiJubell 4 года назад

We should have corporation jail. Everyone wants to treat businesses like people, well lock them up. Financially, that is. For the "jail time" they must donate all profits to a non-affiliated charity that benefits either the environment (for product sectors) or the general public (for service sectors), and the top officials should have their salary halved to be included in the donations. Minimum sentence should be 1 year. That'll help them keep their noses clean.

@riceboy1701e 4 года назад

And the greedy lawyers will be first in line.

@maxm4696 4 года назад

what about the lawyers who prosecuted the bank

@liamwatson5125 4 года назад

Wells Fargo is the worst bank in the world. I repeat, The worst bank in the world!

@happytappyslappy 4 года назад

Liam Watson Spread the word: this 🏦 bank should be renamed Hells Cargo

@liamwatson5125 4 года назад

happytappyslappy This bank is called HELLS CARGO!!!!!!!!!!!!!!!!

@tyronegreen6165 11 месяцев назад

Thank you ALL

@bullylife4303 4 года назад

So we checked out ourselves and found yes we did wrong. No we not paying back customers. Sounds about right.

@pgc4sean 4 года назад

Markets open on Monday. Wells Fargo is currently at $47.70

@realitynowassigned 4 года назад

Does this mean theyll pay back all the overdraft fees they weren't supposed to be charging. "If its under 5$ it has no fee" "perfect" "you owe us 35" "but...the lady said...." "Lol. Sir, dont be stupid we want all your money"

@robertgreen1282 4 года назад

Funny it stopped in 2016. I wonder why...

@l27tester 4 года назад

And yet again executives don't go to prison

@samanthaw4955 4 года назад

Did this bank get a gfc bailout....if so call it in asap.

@jamemz772 4 года назад

Customer again paying the bill, while govonment take the money.. companies made over 3 billion , so everyone happy execpt u

@jserrano51 4 года назад

Why would anyone trust this bank again? Take your money out of there.

@melanierichardson9665 4 года назад

How do we find out if they used our names on fake accounts?

@tenmotorstar9826 4 года назад

So how much per person?

@davidellis5141 4 года назад

I want straight 💸 homie !

@admin5912 3 года назад

Get free money on your wells fargo now @prime_hacks1 on instagram

@blainermiller 4 года назад

Wellsfraudgo...

@liamwatson5125 4 года назад

Buck Johnson Good name!

@admin5912 3 года назад

Get free money on your wells fargo now @prime_hacks1 on instagram

@yeyinivar774 4 года назад

I had 15 accounts opened under my name without me knowing

@DANNYN224 3 года назад

They foreclosed my uncle and forged signatures on his deed I think he tried to lower his mortgage or refinance I'm not sure and wells fargo wants to give 20,000 dollars what can 20,000 dollars do buy a house give me a break just sad to see this and now my uncle is living in a apartment with high rent

@sanbruno6010 Год назад

PEACE LOVE UNITY HONESTY PROSPERITY FREE THINKING GOOD HEALTH KINDNESS HAPPINESS OPTIMISM

@legion4698 4 года назад

This amount of money is exactly what a penny is us to them, nothing

@jacobnevins530 4 года назад

Yeah i was gonna open a new account but uh..i think ill look to another bank

@lokivanni2500 3 года назад

Why don’t they pay back the customers who were victims?

@sanbruno6010 Год назад

PEACE LOVE UNITY HONESTY PROSPERITY FREE THINKING GOOD HEALTH KINDNESS HAPPINESS OPTIMISM

@dabutler07 4 года назад

So the money doesn't go to customers or employees who had this policy destroy their lives. What kind of sense does that make

@heedfulnewt6625 2 года назад

Makes you think who the actual peasants really are 😇

@miguelmuniz5059 3 года назад

They are doing it again.

@bababooeymonkey6549 4 года назад

And 0 jail time.

@kxmode 4 года назад

0:19 Oh, I thought he was talking about Activision-Blizzard and EA. The "gaming" caught me unaware. Maybe one day big greedy publishers can be taken to task for "trading its hard earned reputation for short-term profits and harm[ing] untold numbers of customers along the way."

@fredminpin 2 года назад

I was scammed and cheated by Wells Fargo in a completely different way, the common problem is that they politely make excuses, deny responsibility, and will not get any resolution from or with the bank company even if you file complaints or attempt to use the mediation process, because their people or people who are paid by Wells Fargo make the decisions and excuses. And so you have to waste time and more money with lawyers and the legal system or connect with political authority 🤔 (please connect me with the people who can help) Which makes me wonder if some of the people going crazy are dealing with similar people and problems 🤔 😕 🙄

@thippkommavang7092 Год назад

Criminals

@truth167 4 года назад

This is not Wells Fargo first and it will not be the last.

@awsome6589 4 года назад

This is why I try to avoid banks, even though I have to deal with banks I try not to leave only the money required in them for my business.

@LkRn09 4 года назад

awsome go with a credit union instead.

@mandoist 4 года назад

And what about the company's (and high-ranking officials') BILLIONS IN STOLEN DOLLARS AND EUROS THEY HAVE HIDDEN SOMEWHERE???? And why do they get to "settle" -- much less stay in business!!

@sanbruno6010 Год назад

PEACE LOVE UNITY HONESTY PROSPERITY FREE THINKING GOOD HEALTH KINDNESS HAPPINESS OPTIMISM

@ravagesoyjoy 3 года назад

This is how assassinations starts... 🔫☠⚖

@johndarcy2838 4 года назад

I'd like to know when they merged with McDonald's. All they're ATM's look like a Mc D drive through. "Fast and loose with your money. You deserve a fake today." Peace

@hihuy3 4 года назад

this happened to me about 15 years ago- I had around $100 in my WF checking account and made 6 small purchases in one day. each less than $10, so I had about $70 left. then NEXT day a $100 check that I wrote to someone and forgot about had cleared and I was in the negative. Instead of charging me just 1 overdraft fee for the said check, WF also decided to charge me six more $35 overdraft fees for 6 purchases I made the day before. After week of complaining, they refunded 50% which, in their words was "maximum allowed".

@boneymaxfield 4 года назад

Bank of America has been doing the same thing for MANY years!

@aubreyodom468 4 года назад

That’s all banks that do overdraft on each purchase I learned by a mistake once long ago.

@terrilee734 4 года назад

Happened to me

@sanbruno6010 Год назад

PEACE LOVE UNITY HONESTY PROSPERITY FREE THINKING GOOD HEALTH KINDNESS HAPPINESS OPTIMISM

@koulee2014 2 года назад

I could not imagine this happen to me yesterday. Wellsfargo state someone had open a checking account and transfer funs from my savings account. Fist thing cam into my mind. You guys are dirty baster wellsfargo

@patrick412lys 4 года назад

Wells Fargo gonna Wells Fargo

@Pipi108 4 года назад

@rideordis810 4 года назад

Just you watch - a bunch of average Joe workers will now get laid off. Executives will all still get multi-million dollar bonuses this year. This is disgusting.

@cassandrajoiner9933 4 года назад

Because we as a people don't hold them accountable for their excesses. Instead we (the people) wonder how we too can get so wealthy. If we all sent them hate mail for making millions more every year they would at least keep it more of a secret.