Wells Fargo just can't stop itself from illegal behavior

[CreditInspired]

This time, they actually went so far as to notify a bankruptcy court of one of it's customer request (WF lied) for mortgage forebearance:

On April 29, without Harlow's knowledge or permission, Wells Fargo told the bankruptcy court overseeing his payment plan that he had asked the bank to pause his mortgage payments because he had been hurt by COVID-19. Harlow, 48, of Buchanan, Virginia, made no such request and had continued to forward the full amount owed on his mortgage to Wells Fargo, court documents show.

https://news.yahoo.com/troy-harlow-always-made-sure-090000870.html

[FeeBear]

Where I grew up we would call that shady...

[gdale6]

Wells is now one of the most crooked banks to exist, I had my fill of them in the 90s, closed all my accounts with them including bank accounts after they tried some underhanded stuff with me......

[Anonymous]

Wells Fargo is the worst. I remember my uncle had a car loan through them and after he paid off the car they refused to release the title to him. They first claimed he owed them money for late fees but after he asked for an account history they claimed he needed to pay an "admin fee" to have his title released. He had to have an attorney threaten to sue them before they released his title. To this day, I wonder how many people paid them this mysterious fee to get their car title. 

[Anonymous]

While definitely shady, i don't see where WF would benefit very much by doing this. Were they hoping to use it against said customers in an attempt to forclose by violating the loan arrangement? Sure there's a kickback from the govt for handling these forebearance cases, but it  couldn't be that much to motivate fraudulent behavior, could it?

If they weren't bad enough before, something like this should be severly punished.

[Anonymous]

@CreditInspired how can this continue to go on? Personally, Wells Fargo Bank should be dissolved and the customers distributed to real banks!

Realize there are too many people involved to really cure this situation. Unreal.

[Duke_Nukem]

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@Anonymous wrote:

Wells Fargo is the worst. I remember my uncle had a car loan through them and after he paid off the car they refused to release the title to him. They first claimed he owed them money for late fees but after he asked for an account history they claimed he needed to pay an "admin fee" to have his title released. He had to have an attorney threaten to sue them before they released his title. To this day, I wonder how many people paid them this mysterious fee to get their car title. 

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Ack, you are scaring me!  Just paid off an auto loan with Wells nearly 2 weeks ago (even added an extra $20 to the payment to cover any hidden interest).  It shows as $0 balance and lists an overpayment of around $18, but they turned off access to everything except payment history... no way to view statements or anything else.  And they are switching systems over this weekend and shutting down the existing site.  Nothing bad can go down in this situation (I've got to think positively!). 

[JL276]

My dad got fed up with WF years ago and tried to move over 100k from them to another institution and have his account closed. They shut off access to his account for over a week and wouldn't say why exactly, giving bogus excuses. As soon as he had his lawyer/friend contact them they opened his account and transfered the funds. Luckily I've never had to deal with them. 

Also they still keep sending him mail saying he's approved for credit cards with them. Apply now. As if lol

[CreditInspired]

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@Anonymous wrote:
@CreditInspiredhow can this continue to go on? Personally, Wells Fargo Bank should be dissolved and the customers distributed to real banks!

Realize there are too many people involved to really cure this situation. Unreal.

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@Anonymous It is unreal! I guess that huge fine they had to pay just wasnt large enough to curtail their continuing fraudulent behavior. I just shook my head in disgust. 

[M_Smart007]

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@CreditInspired wrote:

This time, they actually went so far as to notify a bankruptcy court of one of it's customer request (WF lied) for mortgage forebearance:

On April 29, without Harlow's knowledge or permission, Wells Fargo told the bankruptcy court overseeing his payment plan that he had asked the bank to pause his mortgage payments because he had been hurt by COVID-19. Harlow, 48, of Buchanan, Virginia, made no such request and had continued to forward the full amount owed on his mortgage to Wells Fargo, court documents show.

https://news.yahoo.com/troy-harlow-always-made-sure-090000870.html

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@CreditInspired, Thanks for a good read. WF used to be my main FI many years ago.

I have moved most of my deposits to Charles Schwab, then I move some funds to Chase, US Bank & NFCU.

They did some shady stuff on Car Insurance coverage a while back, if you had a vehicle financed through them.

I just received a few checks from a settlement. It is amazing they had to pay

I should just close my Checking and Savings, as I do not use it.

The (2) credit cards I will keep open for now.