I think we’ve seen this movie before:
“The CFPB alleged that US Bank accessed consumers credit reports to open checking and savings accounts, credit cards and lines of credit without their permission. Employees were encouraged to do so, in order to meet the bank’s goals of selling multiple products to each customer with the bank.”
“$37.5 million in fines.” Sure, that will stop them. :rolleyes:
Our cable/internet company around here stopped going after fraud/non-paying accounts since the more accounts they show open did better for their stocks. This came from an ex-coworker who went to the cable company as a security/investigator guy. Probably happens in more places than we know.
Didn’t Wells Fargo do this?
Banksters NEVER learn!
And Bank of American and PNC and Synchrony and…
And Bank of American and PNC and Synchrony and…
Yup. Happened to me.
Pls delete. Dup post.
Between fines and lawsuits they paid out around $3 billion.
Guess we know where the dude from Wells Fargo landed a new job.
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