Wells Fargo Fires Iowa Worker for Minor 1963 Crime

[UrbScotty]

Source: Yahoo

Wells Fargo Home Mortgage (WFC) has fired a Des Moines worker over a 1963 incident at a Laundromat involving a fake dime in the wake of new employment guidelines.

Richard Eggers, 68, was fired in July from his job as a customer service representative for putting a cardboard cutout of a dime in a washing machine nearly 50 years ago in Carlisle, the Des Moines Register reported Monday.

Warren County court records show Eggers was convicted of operating a coin-changing machine by false means. Eggers called it a "stupid stunt," but questions his firing.

Read more: http://finance.yahoo.com/news/wells-fargo-fires-iowa-worker-for-minor-1963-crime.html

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[hobbit709]

1. Everybody gets put on the Group W bench nowadays.

I agree on the

[FarCenter]

2. This should be easy for the FDIC to fix -- change the regulations.

Big banks have been firing low-level employees like Eggers since new federal banking employment guidelines were enacted in May 2011 and new mortgage employment guidelines took hold in February, the newspaper said. The tougher standards are meant to clear out executives and mid-level bank employees guilty of transactional crimes — such as identity theft and money laundering — but are being applied across the board because of possible fines for noncompliance.

Banks have fired thousands of workers nationally, said Natasha Buchanan, an attorney in Santa Ana, Calif., who has helped some of the workers regain their eligibility to be employed.

"Banks are afraid of the FDIC and the penalties they could face," Buchanan said.

The regulatory rules forbid the employment of anyone convicted of a crime involving dishonesty, breach of trust or money laundering. Before the guidelines were changed, banks widely interpreted the rules to exclude minor traffic offenses and misdemeanors.

[wtmusic]

3. In time he'll understand the seriousness of his actions. nt

[xtraxritical]

10. I hope your comment is sarcasm otherwise you will surly go to hell.

[Demit]

13. I hope you get your irony detector fixed soon.

[Jim__]

4. In this country, a minor crime carries with it a lifelong penalty.

It is asinine that such a petty crime from 1956 is still on the books if there were no other crimes since.

[slackmaster]

5. Imagine how he'd be treated if his crime had been cutting the heads off of parking meters

[myrna minx]

6. Now, had he looted the US Treasury, there'd be a juicy bonus check in it for him.

This is ridiculous.

[valerief]

7. Too bad he wasn't a robosigner instead. nt

[SoapBox]

8. Boycott! Marches! Signs!

Call every radio and TV and New company in the country.

Something...Anything!

Bastards.

[cstanleytech]

12. Ya know I have changed my stance on boycotting instead if enough of us buy stock in these companies

we could maybe vote the corporate assholes out and make it so their not pulling it millions more per year than most of their employees will earn in a lifetime of work.

[former9thward]

16. Exactly who are you going to boycott?

Wells Fargo was required to do this by federal banking regulations.

[jtuck004]

9. Norman Rousseau killed himself over a billing snafu, apparently caused by Wells Fargo.

It ended with his imminent foreclosure, the morning spent working on an RV because he desperately wanted to keep his family safe, shooting himself. Reports indicate that Wells Fargo saying they had not received a cashiers check. Records reportedly show the check was brought in in person by the deceased, wife has receipt, that Wells Fargo failed to transfer the funds to his account.

Don't know, was lot of debt, they only discovered "after" the fact that their interest rate increased markedly. Some mortgage broker outright lie for the commissions, and documents written under old laws hid things, so it is easily possible for someone who didn't spend hours analyzing them to trust the wrong person.

Wonder if anyone got fired over that? Or maybe that's not in their guidelines.

Though I am damn sure they have an excuse.

[sarcasmo]

11. He was making to much money, now they can hire someone right out of college for peanuts.

[oldsarge54]

14. Isn't Just like Republicans

Hey, saves on giving him a pension. Just like old school Heath Insurance, drops you because you are sick.

[annm4peace]

15. my friend works at the Wells Fargo call center in Minneapolis

she works at the mortgage call center which has around 4000 employees. One of her conservative co workers emailed her to see if she knew of this story and that he was upset.
He wanted to see if others would do a walk out in protest. Amazing.

He told her he was going to call Sen Grassley and then she told him to call his MN rep Keith Ellison.

this guy is old school conservative, christian, and quiet. She was suprised by his anger.
He even emailed others today also

[Live and Learn]

18. Funny, I was reading the Yahoo Posts on this story and

although the posters there are usually conservative (if not paid RW trolls) everyone was against this. Appears many conservatives may have youthful indiscretions in their past.

[marlakay]

19. I know a girl who worked there for years

and got laid off just a few years short of getting a pension. She got nothing. This was years ago in the early 90's so I don't know what the rules were then but I felt so bad for her. How could companies do that? I think she worked for them for at least 25 years.

She did nothing wrong...

[closeupready]

22. If she did nothing wrong, she probably could have filed a civil suit

over likely age discrimination.

[bullwinkle428]

17. If he stole millions, the Repukes in Congress would be tongue-bathing him in

a Congressional hearing!

[Joe Bacon]

20. Meanwhile, it was OK of Wells Fargo to steal my parent's house.

Coercing my dad to sign a reverse mortgage with lots of small print he didn't understand and stealing his house from him.

Fuck you Wells Fargo. Drop dead.

[hack89]

21. Congress needs to change the laws

to make waivers easier.