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CFPB Lawsuit Charges Cincinnati Bank with Wells Fargo-esque Abuses

The Consumer Financial Protection Bureau its complaint Wells Fargo bank settlements The sham accounts scandal report

The report noted, however, that employee participation in the accounts scandal was motivated more by fear than by financial compensation, as failure to meet these goals was a good way to get fired. A California lawsuit against the bank alleged that managers would “constantly hound, berate, demean and threaten employees” to meet sales quotas. Those who couldn’t would be put on probation, forced to work unpaid overtime or even fired. Not helping matters was that, for certain branches, it was literally impossible to meet the quotas, as there just weren’t enough customers in the general area to do so.