I am saddened to see that Wells Fargo continues to abuse the consumers/customers and that so many lives have been effected and to see that they continue to get away with it. They clearly do not care one little bit about people in general. They want you to entrust your money in their bank and then they screw you over by overdraft fees, hidden fees and placing you into Chexsytems without any hesitations. They continously destroy lives with no regard. I understand there are some people who are worst case offenders, but there are a lot of good, hard working people out there who have bad things happen to them or are victim to bank error that the bank will never admit to and their entire world get turned upside down. Most of these people or lower middle and middle class citizens who care bearly pay bills and put food on the table and then they get hit with the unfair banking practices of Wells Fargo.
I was the victim of fraud, which I have reported to the police department, the FTC, Wells Fargo and all three major credit reporting agencies. Someone used my information and opened an account at Wells Fargo in my name. After 8 days, a check was written on this account which created a overdraft fee. The next day all but 1.00 was removed from the account and then this check tried to clear in the amount of $387.71, which clearly there was not enough money for. It created overdraft fees from the bank and the retailer the check was written to. The bank that I WAS ligitamately banking with a month and a half later closed my account without notice because of the incident at Wells Fargo (up until this point I had no idea that an account with Wells Fargo even existed.)
I immediately file a fraud report and contacted the police. Wells Fargo sent copies of all the info they had and a copy of the paperwork used to open the account. That was 2002. It is now over 3 years later and I am still not able to open a new bank account because Wells Fargo had the balls to report this fraudlent account and check to Chex Systems. The police have never solved this case and Wells Fargo has taken the poistion that until someone is arrested for fraud, they are going to continue to report this account and check to Chex System. I was in complete shock and feel similar to that of a rape victim. I have been assaulted and raped by this fraudlent action and identity theft and then to add insult to injury, Wells Fargo refuses to remove it or help me in any way. I have since hired an attorney and this matter continues to be ongoing. I am just so saddened that people are taken advantage of by this monsterous company. It is such a same they disrespect people the way they do.
Chexsystems refuses to do anything because as someone else stated, they simply say they report whatever is given them. Ok, they fall under the Fair Credit Report Act and are to "verify" items, yet when they are fraudlent, they take the word of these companies like Wells Fargo and pretty much say tough sh$# on you... The Fair Credit Reporting Act is "suppose" to protect consumers from this type of behavior but the only response I get from them is a stupid brochure in the mail. Somehow, this type of behavior needs to stop. Lawsuits do even seem to be doing much to these big giant monsters like Wells Fargo, to them it's just pocket change.
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