-Protestors gatecrash Wells Fargo meeting in attempt to arrest CEO.
Global Banking News - 26 April 2013
Protestors who are unhappy with the Wells Fargo (NYSE: WFC) banking group mortgage policies, gatecrashed a shareholders meeting and attempted to make a citizens' arrest on the bank's chief executive officer, John Stumpf.
Homeowners accused the bank of 'dual tracking' mortgages and being unwilling or slow to work with homeowners. Dual tracking means that the bank was working to foreclose a loan while purporting to work with homeowners to find a payment plan.
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|Publication:||Global Banking News (GBN)|
|Date:||Apr 26, 2013|
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