Hopefully this will help the WF bashing in the media/government to be redirected for a while.
https://apnews.com/article/bank-america-fees-customer-account-56fa8400ab01a15ec75a372561a3d851
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Sounds like some ex- Wells Fargo execs went over to B of A 😂.
@end - That story doesn't add up. Wells Fargo stopped offering HELOCs in April 2020. The news articles reference a pilot program that started in 2021 - a year after the bank dropped HELOCs.
BoA won't see as severe repercussions as WF did. The storyline is tired and WF was more impacted by trust issues after doubling down post-2008 crash on not being a part of toxic investment banking schemes.
The WF stuff feels more widely personal, regardless of whether crimes are equal or worse elsewhere.
"the WF bashing" lol. Always the victim.
Doubtful - WF has a current (recent) issue where employees are saying "The bilingual consultants were directed to steer Spanish-speaking customers away from home equity lines of credit into costlier and more profitable refinancing options without any associated disclosures, according to the complaint". When another bank screws up it's usually something WF has already done and WF is already onto the next scandal.