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TOPIC: Wells Fargo Victimizes Military Members

Wells Fargo Victimizes Military Members 02 Oct 2016 21:19 #10430

  • Alexandria.T
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Wells Fargo bank has been the topic of many news articles in recent weeks. The first major story discussed that the bank's CEO was under investigation because numerous employees were either fired or demoted for whistleblowing about the bank's sales tactics & opening of fake bank accounts & cards. Now the bank is again under fire for targeting military service men and women with illegal repossession of their cars and , “by denying members of the military certain banking protections, including capping their interest rates at 6%. Those violations began in 2006, the OCC said”. Wells has been ordered to pay $24 million dollars to settle the suit.

This is a disappointing misjustice brought to light by mistreated veterans and employees of Wells Fargo bank. Once again, we are seeing banks taking advantage of their position and attempting to make a profit of persons they believe can not do anything in retaliation for the bank's misconduct. The bank's representatives seem to be hoping that the victims of these actions will not be aware of the rights afforded to them as veterans and will ultimately get away with trying to squeeze every profitable penny from these transactions.

What is even more unfortunate is that this is an actual disrespect and mistreatment of our veterans by big banks. While many people oppose athletes “taking a knee” during the anthem in protest of excessive police violence because it disrespects our nation's veterans, this case is an actually disrespectful & illegal, yet those people are suspiciously silent. It has been argued for months that “taking a knee” during the national anthem has been disrespectful to our veterans and military service personnel. Yet, Wells Fargo’s blatant mistreatment of veterans and military is not being persecuted with the same passion as when athletes take a knee in non-violent protest.

It just seems like another double standard….
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