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Wells Fargo Not Winning Many Fans By Refusing To Honor $10K Owed To Kidney Patient

Back in 1982, a man purchased $11,800 in cashier’s checks from Central Fidelity Bank in Virginia and put them into a safe deposit box. The idea was that this would be his rainy-day/emergency fund. Apparently, he didn’t need this money for three decades, as he only recently attempted to deposit the checks into his account. Problem is, Wells Fargo — which now owns Wachovia, which had previously acquired Central Fidelity — claimed it had no record of these checks and refused to honor them, even after a court ordered it to. [More]

Wells Fargo Fires Customer Service Rep For Using Cardboard Dime At Laundromat 50 Years Ago

Wells Fargo Fires Customer Service Rep For Using Cardboard Dime At Laundromat 50 Years Ago

Big banks are under a lot of pressure these days not to mess anything up — but in the case of firing employees for crimes they committed decades ago, are they overreacting? A Wells Fargo customer service worker says his recent termination stemming from an incident in 1963 is totally unnecessary. His crime? Using a cardboard cutout of a dime in a Laundromat washing machine. [More]