Rush to the bank and reclaim your money. A judge has found Wells Fargo used unfair business practices in manipulating accounts and engaged in profiteering.
In a decision handed down late Tuesday, U.S. District Judge William Alsup accused Wells Fargo of “profiteering” by changing its policies to process checks, debit card transactions and bill payments from the highest dollar amount to the lowest, rather than in the order the transactions took place. That helped drain customer bank accounts faster and drive up overdraft fees, a policy Alsup referred to as “gouging and profiteering.”
Banks, especially those that pay their CEOs millions of dollars in salary and bonus each year, literally steal from their own customers. This is about time. Now move your money to local credit unions and let the big banks fall.
