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> Already happened with Wells Fargo, who fired and blacklisted employees that refused to create extra (illegal) accounts for their customers. Those employees co
by Slansitartop 9y ago
> Already happened with Wells Fargo, who fired and blacklisted employees that refused to create extra (illegal) accounts for their customers. Those employees couldn't get a job in finance again.
It's worth noting that Wells Fargo ironically did that by abusing a fraud reporting system:
> The blacklist is called "U5," and it's maintained by the finance institutions as a way of alerting each other to fraudsters who are fired for breaking finance rules. The list was designed to protect banks from fraud, but it has no defenses against fraudulent banks.
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