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    “In the summer of 2016, Wells Fargo announced a new policy, stating that if any customer’s payments were delayed or disputed for any reason, they could be asked to provide more identification, and that the bank would handle the matter with the most diligence and respect.” My personal experience at a local Wells Fargo branch: A few months ago, I was shopping with my family at a Wells Fargo branch. I had a 30-day balance due on a credit card, and when I got

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    The scandal was a huge scandal involving one of the most well-known US banking companies – Wells Fargo. In June 2016, it was revealed that the company had used millions of fake accounts to fraudulently boost their sales figures. This news shook the entire banking industry, and it led to massive changes in the industry. This essay aims to discuss the scandal’s causes, effects, and solutions. Causes: 1. Irresponsible Leadership: The company’s CEO Tim

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    In July 2016, 20 million of Americans lost their money to a massive fraud at the largest bank in America, Wells Fargo. What’s worse, the bank, as it had done in earlier years, had done nothing to protect customers. The bank paid out over $185 million to resolve charges that they had engaged in a scheme to falsely bill thousands of customers. this page The scandal shocked consumers around the world and left them wondering how a company that once had been seen as the gold standard for customer satisfaction had ended up becoming