Wells Fargo's Secret Weapon? The Ripoff Clause

October 6th, 2016
Posted By
Blake A. Dickson

Our coalition partners in the fight to end forced arbitration have created a fantastic new video showing how Wells Fargo used forced arbitration to hide its massive scheme to create fraudulent accounts in customers’ names. At recent hearings in the U.S. Senate and House of Representatives, Members of Congress chastised Wells Fargo CEO John Stumpf for using the fine print to kick customers out of court, which allowed the fraud to escalate for years. The video features comments from Senators Elizabeth Warren (D-MA) and Sherrod Brown (D-OH), and Rep. Maxine Waters (D-CA) taken from the hearings.

Some or all of the text above is from an article we are sharing. Clicking the link above will redirect to the originally sourced article.