Letter: Wells Fargo activity is appalling

As a recent Wells Fargo retiree (Consumer Lending group), I was quite disappointed, angered and, yes, appalled by the magnitude and broad scope of the fraudulent activity undertaken by members of the Community Banking group earlier this decade; which recently came to light in the media.

This unethical and, in many ways unlawful behavior adversely impacted millions of Wells Fargo customers and thousands of Wells Fargo team members; many of whom lost their jobs because they refused to take part in the fraudulent activity.

The recent outcry of negative publicity that this activity received was imminent and deserving. I took no personal pleasure in watching the beleaguered Wells Fargo chief executive officer squirm in his seat and fumble for his words as he was being grilled by first the Senate and later the congressional Banking and Finance subcommittees recently on C-SPAN.

It almost goes without saying that after nearly 30 years of being a loyal Wells Fargo (formerly Norwest Bank) customer, sadly that is no longer the case.

Dann Myers

Marion

CONTINUE READING

MORE Letters to the Editor ARTICLES TO READ NEXT ...

We are nearly upon March - the light at the end of the tunnel of winter - and Women's History Month. There will be many celebrations and events recognizing women. While this month is helpful to illuminate the accomplishments of wo ...

Sadly, it appears that Iowa senators Chuck Grassley and Joni Ernst, and Rep. Rod Blum think gun ownership is about grandpa taking little Chuck or little Joni or little Rod out to walk the fields to hunt pheasants. Only 15 percent ...

Give us feedback

Have you found an error or omission in our reporting? Tell us here.

Do you have a story idea we should look into? Tell us here.