California-based Wells Fargo Bank with its folksy stage-coach logo is being accused of highway robbery. Los Angeles City Attorney Mike Feuer filed a lawsuit accusing the bank of employing shady, high-pressure sales tactics - such as opening bogus bank accounts - to juice its sales. What are the details of the allegations, and what is Wells Fargo's overall track record when it comes to customer shadiness?
Wells Fargo Bank Sued by L.A.
Credits
Guests:
- Mike Feuer - LA city attorney, candidate in 2022 LA mayoral race - @Mike_Feuer
- Gretchen Morgenson - New York Times - @gmorgenson