Bank Employees Say Wells Fargo Not The Only Bank With Abusive Policies

SAN FRANCISCO (CBS SF) — Bank employees say that Wells Fargo Bank isn’t the only bank where employees carry out questionable and predatory sales policies, according to a report released earlier this summer.

Last week, Wells Fargo reached an $185 million settlement package with state and federal regulators over allegations that employees created phony, unauthorized accounts on behalf of customers.

But a June 2016 report by the National Employment Law Project published statements collected from employees at numerous banks, in addition to Wells Fargo, reporting questionable and possibly abusive sales practices.

The other banks listed in the report include SunTrust, Chase Bank, Bank of America, and U.S. Bank.

Read the rest of the article at CBS San Fransisco.