This week, the bank said a “computer glitch” caused 545 of its customers to lose their homes.
If you qualify, you can open a solo 401(k) – it’s a cheap and flexible structure that allows you contribute tens of thousands of dollars each year and invest in all kinds of assets (even real estate and private equity).
https://www.sovereignman.com/trends/this-banking-scandal-is-awful-even-for-wells-fargo-24347/
I guess none of this should surprise me anymore.
Our old friends at Wells Fargo are involved in yet another banking scandal. And this one is really bad… people wrongfully lost their homes and ended up on the street.
But before I get into the details of this particularly atrocious mishap, let’s have a quick recap of Wells’ “greatest hits.”
Back in April, Wells was hit with a $1 billion fine for selling 570,000 clients auto insurance they didn’t need and also charging mortgage borrowers erroneous fees.
By the bank’s own estimates, as many as 20,000 of those clients may have had their cars repossessed as a result of their inability to pay for the insurance Wells Fargo illegally stuck them with.
On the topic of repossessing vehicles, last November, the bank came under fire for illegally repossessing vehicles owned by members of the military.
Then in October, Read the rest of this entry »
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