24 hours later, ANOTHER massive Wells Fargo fraud scandal

It's been a whole day since we learned about another example of systematic, widespread fraud by America's largest bank Wells Fargo (ripping off small merchants with credit card fees), so it's definitely time to learn about another one: scamming mortgage borrowers out of $43/month for an unrequested and pointless "home warranty service" from American Home Shield, a billion-dollar scam-factory that considers you a customer if you throw away its junk-mail instead of ticking the "no" box and sending it back. (more…)

Wells Fargo also defrauded 800,000 car loan customers and stole 25,000 cars

Wells Fargo didn't just steal millions from its customers with crooked overdraft fees, didn't just create 2,000,000 fraudulent accounts and threaten to blackball employees who tried to stop the frauds; didn't just defraud broke mortgage borrowers by the bushel-load -- they also defrauded 800,000 customers with car loans, forcing 274,000 of them into deliquency and "wrongfully repossessing" (that is, stealing) 25,000 of their cars. (more…)

New hedge-fund HQ will have "Champagne" buttons for the traders’ desks

Any time a trader at Enstar Capital's new London Soho offices fancies sushi and Champagne delivered to their desk, they can press a dedicated "Champagne" button that's being installed at each workplace, as a kind of grotesque, guillotine-inspiring homage to Amazon's Dash button, which lets mere mortals order laundry detergent. (more…)