You know about that whole “open fraudulent accounts to accrue fees” thing they did, like, two million times, right?
Well, many of those folks are suing Wells over this egregious behavior, which they should.
In response, Wells is arguing in court that, because these people agreed to binding arbitration when they opened their legitimate accounts, they shouldn’t be allowed to sue over the fraud. Wells will happily work through arbitration instead — and, of course, arbitration nearly always favors the corporation.
Frankly, if you’re an attorney arguing this in court, you’re a goddamn disgrace.
But it gets worse: some judges are buying it.