For years, Wells Fargo workers at the Committee for Better Banks have been sounding the alarm over the bank's predatory business model and unreasonable sales goals, which force workers to cheat customers in order to keep their jobs. This pushed workers to open more than 3.5 million fraudulent accounts. But that was just the tip of the iceberg. Wells Fargo has been preying on communities across America for years, especially communities of color. Whether it's engaging in discriminatory lending, profiting from private prisons and immigrant detention centers, financing the gun industry, funding payday lenders, financing the Dakota Access Pipeline, supporting police foundations, trapping customers with its abusive car insurance and mortgage practices, or selling predatory municipal finance deals to our cities, states, and school districts, Wells Fargo's business is built on stripping wealth from our communities. We're fighting back.
JOIN OUR CALL TO PLAN NEXT STEPS! We're having a conference call on May 2nd at 8pm EDT/5pm PDT to plan next steps for the Forgo Wells movement. Click here to register for the call and we will send you a personalized call-in number.
CLICK HERE FOR THE SOCIAL MEDIA TOOLKIT for the Rigged Economy March on April 24th at the Wells Fargo shareholder meeting in Des Moines, Iowa.
Tell the Wells Fargo Board of Directors, CEO Tim Sloan and their shareholders to:
Fire the entire board of directors and CEO Tim Sloan
Break up the bank
Pay restitution to their victims
Respect workers' right to organize without retaliation
Fire the Board of Directors and CEO
The Wells Fargo board of directors and CEO have presided over an endless stream of scandals. They opened 3.5 million accounts in customers’ names without telling them, got caught and then fired the workers. Wells Fargo and their shareholders are profiting from investments in private prisons, the Dakota Access Pipeline and the oil industry, and gun makers. The bank engages in predatory lending, tax avoidance, and endless consumer fraud scandals. It's time for responsible governance, and that means cleaning house at Wells Fargo.
Wells Fargo should be broken up into separate retail and investment banks
Wells Fargo engages in risky practices because the bank thinks it is too big to fail. Since the Glass-Steagall Act was repealed in 1999, the bank is mixing its risky investment practices with commercial bank practices. With a bank that is the third largest in the country, this has particularly dire consequences. It’s time to break up Wells Fargo.
Wells Fargo should pay restitution to the victims of its abuses
Wells Fargo has devastated millions of lives. Wells owes restitution to the victims of its abuses, many of whom lost their homes and vehicles, had their credit ratings destroyed, and were forced into personal bankruptcy.
Wells Fargo should respect workers' right to organize without retaliation
Workers have been fired and retaliated against for speaking up. Moving jobs overseas is a company tactic that makes it harder for workers to speak out and build power. It's time for Wells Fargo to do right by its employees and respect their right to organize.