Hi,
Wells Fargo has a long history of breaking the law, and has shown zero
interest in stopping. It’s time to break up Wells Fargo.
Fines levied against Wells Fargo won’t stop it from ripping off its
customers. Billions in fines haven’t changed the bank’s behavior. It’s
time to take more serious action. Will you join Senator Elizabeth Warren
and call for a break up of Wells Fargo — the world’s 5th largest bank?
[ [link removed] ]Sign the petition: Break up Wells Fargo now!
ADD YOUR NAME
The Consumer Financial Protection Bureau (CFPB) just busted the bank for
illegal fees and interest charges on loans for cars and homes. The result:
the CFPB’s largest fine ever — a $1.7 billion penalty — and Wells Fargo
was forced to pay back more than $2 billion directly to the consumers it
wronged.^1
CFPB Director Rohit Chopra called the bank a “corporate recidivist.”
Senator Warren has published reports accusing Wells Fargo of “rampant
fraud and abuse.”^2
Federal regulators like Michael Hsu, the Acting Comptroller of the
Currency, have authority to take drastic action against repeat lawbreakers
like Wells Fargo and break up big banks. And they should. It’s time to end
Wells Fargo’s track history of taking advantage of its customers.
[ [link removed] ]Urge Hsu to break up Wells Fargo now and protect consumers from the big
bank’s predatory behavior.
Thanks for taking action,
Tihi and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Wall Street Journal, "Wells Fargo to Pay Record CFPB Fine to Settle
Allegations It Harmed Customers," [ [link removed] ]December 20, 2022.
2. The Street, "Democrat Sen. Warren Calls for Wells Fargo Breakup,"
[ [link removed] ]December 21, 2022.
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