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?

Sign the petition: Break up Wells Fargo now!

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.

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

Sources:

  1. Wall Street Journal, "Wells Fargo to Pay Record CFPB Fine to Settle Allegations It Harmed Customers," December 20, 2022.
  2. The Street, "Democrat Sen. Warren Calls for Wells Fargo Breakup," December 21, 2022.

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