Wells Fargo used to brag about its immense “cross-selling” skills, boasting of the many checking accounts, ATM cards and other “products” it pushed on Americans. Questions: 1. What disclosure did Wells Fargo recently include in its most recent quarterly earnings report? 2. What was the fine that was levied against Wells Fargo in September? 3…. Read more »
Posts Tagged: cross-selling
You Got Caught! Unauthorized!
According to The Guardian, Wells Fargo will pay $185m in a settlement over illegal sales practices that included the opening of unauthorized duplicate accounts and credit cards by employees in order to meet sales quotas. Questions: 1. What does the settlement include? 2. Over what period did this take place? 3. Which agency took action… Read more »