New Report: Sales Pressure Returns to Wells Fargo

New Report: Sales Pressure Returns to Wells Fargo

Wells Fargo employees across the country are sounding the alarm on sales pressure, understaffing, and top executives trying to silence their voices. Before regulators  at the Federal Reserve Board remove sanctions that have limited the bank's growth, they should read this new report revealing the risks of Wells Fargo returning to practices that led to the fake accounts scandal.

Read the Report

Webinar: Wells Fargo Workers Speak Out on April 24 at 4:00 PM Eastern

Hear directly from Wells Fargo workers who have been coming together to improve working conditions for their families and to better serve their customers without fear of retaliation or unethical sales pressure. An increasing number of workers are concerned Wells Fargo is returning to practices that led to the fake accounts scandal.

Register for the Webinar

“I want to begin by requesting anonymity, due to risk of losing my job...There is pressure from management to have conversations and get banker referrals. It feels like it’s beginning to create the toxic “sales” environment that Wells Fargo was trying to get away from. There are coachings on how to get referrals from”not interested” to a referral. They are calculating all the numbers for the referrals, transfer rate, and more.” — Teller at a branch in Texas

Bank Workers! Take Our New Survey on Sales Pressure

Do you work at Wells Fargo or at another bank and you are worried about inappropriate sales pressure that puts your own well-being at risk, as well as for your clients? Take our new confidential survey so we can expose bad practices and improve conditions in our financial services sector.

Take Our Survey

Customers! Register your support now

Please fill out our support form to show your support. A handful of financial institutions set standards for the entire banking sector. With approximately $1.7 trillion in total assets, Wells Fargo is one of those institutions. The bank says it has a financial relationship with one out of every three Americans. And since everyone needs a bank or credit union to fully participate in our economy, positive change at Wells Fargo can help all of us.

Sign to Support

The Committee for Better Banks launched the Better Banks Accountability Project to raise awareness and hold America’s financial institutions to account for their policies and practices that impact bank workers, customers, communities, investors and other stakeholders. This project will issue scorecards grading banks on important issues of the day. Initially, these scorecards will grade the nation’s top 12 retail banks. For more information, visit our website at www.bankaccountability.org and at www.betterbanks.org