Wells Fargo Accused of Harming Fraud Victims by Closing Accounts
When signs of fraud appear on a customer’s account, such as a counterfeit check or an unauthorized withdrawal, a bank is required by law to investigate whether criminal activity has occurred. Wells Fargo had a simpler solution, according to a former employee: Close the account and drop the customer. OlsenDaines Partner Michael Fuller recently filed a lawsuit on behalf of a former Wells Fargo employee that tried to fix this wrong, and was fired for it. Read the entire New York Times article here.