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Thursday, September 08, 2016

Everyone hates paying bank fees. But imagine paying fees on a ghost account you didn't even sign up for.

That's exactly what happened to Wells Fargo customers nationwide.

On Thursday, federal regulators said Wells Fargo employees secretly created millions of unauthorized bank and credit card accounts -- without their customers knowing it -- since 2011.

The phony accounts earned the bank unwarranted fees and allowed Wells Fargo employees to boost their sales figures and make more money.

"Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses," Richard Cordray, director of the Consumer Financial Protection Bureau, said in a statement.

Wells Fargo confirmed to CNNMoney that it had fired 5,300 employees over the last few years related to the shady behavior. Employees went to far as to create phony PIN numbers and fake email addresses to enroll customers in online banking services, the CFPB said.


Wednesday, September 07, 2016

Green Party presidential candidate Jill Stein, who is accused of spray-painting equipment Tuesday at a Dakota Access Pipeline work site in North Dakota, has been charged with misdemeanor counts of criminal trespass and criminal mischief. Stein was part of a group of 150 to 200 people who protested at the construction site, where two protesters attached themselves to bulldozers and some construction equipment was vandalized. Stein sprayed "I approve this message" in red paint on the blade of a bulldozer, her campaign spokeswoman said. read more


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