Wells Fargo stole the headlines yet again today for defrauding its clients. The bank was fined $1 billion today for selling over 500,000 clients auto insurance they didn’t need (which in some cases caused the owners to default on their car loans and get their cars repossessed) and for charging erroneous fees to mortgage borrowers. If you still bank with Wells Fargo, maybe this will finally serve as a wakeup call to take your money elsewhere. But this is just the latest in a long string of fraudulent bank behavior… Wells Fargo also opened millions of fraudulent accounts for their customers without their permission – in some cases moving money … Continue reading 092: Why on earth are you still letting big banks screw you?
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