The Wells Fargo Scandal Shows why Stronger Consumer Protections are Needed

Occasionally a story of corporate abuse of customers, employees, the environment, or taxpayers comes along that is so disgusting, it can’t be ignored. The Mylan EpiPen, Volkswagen Dieselgate, and Amazon employee abuse scandals immediately come to mind. And now we have the Wells Fargo scandal… Wells Fargo had long been a Wall Street darling, fooling even the likes of Warren Buffett into become a major shareholder (320 million shares), driven in part due to its sky-high number of accounts per customer. Well, let’s just say that their house of cards just came crashing down. In...

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