Wells Fargo Freezes Pay For Execs To Help Lower-End Employees, Will Fire Up to 50k Anyway + Bank of America Payday Loans Get Seal of Approval

<p><em><strong>Wells Fargo has been through a lot.</strong></em></p> <p><em><strong>Unauthorized accounts in 2016 have led to thousands being unemployed, billions in lost income and bans for some people. Well, it will soon lead to a layoff of up to 66k employees, which are mostly "the little guy".</strong></em></p> <p><a href="https://finance.yahoo.com/news/wells-fargo-freeze-raises-high-002517664.html"><em><strong>Wells announced last week that they will also freeze the pay of people making $150,000 or more!</strong></em></a><em><strong><br> In the podcast, I explain how they claim it's to help their lower-end employees, yet still hold firm to upcoming layoffs, how this will actually lead to younger rising stars in banking to leave, which will allow them to install replacements in those roles for less money as well, and how the scandal in 2016 finds another way to impact this company.</strong></em></p> <p><br></p> <p><em><strong>Plus, </strong></em><a href="https://www.consumerfinance.gov/policy-compliance/enforcement/actions/"><em><strong>Bank of America gets a "rubber stamp" no-action letter from the CFPB</strong></em></a><em><strong>, which spells out "No Enforcement Action" on BofA planning on giving out "Payday-Style" loans to its customers. </strong></em><a href="https://linktr.ee/NotoriousBanker"><em><strong><br> </strong></em></a><em><strong><br> I explain how the </strong></em><a href="https://www.fool.com/investing/2020/11/06/bac-cfpb/"><em><strong>Motley Fool article outlines that CFPB would take no action on Bank of America</strong></em></a><em><strong>, which I reluctantly agree with, simply because it hasn't been offered to the public yet, and we won't know the ramifications for a while, although I believe something will happen! I explain why in the second segment!</strong></em></p> <p><br></p> <p><br></p> <p><br></p> <p><br></p> <p><a href="https://linktr.ee/NotoriousBanker"><em><strong>All My Links HERE</strong></em></a></p> <p><em><strong>MY PATREON Page! For as little as $1, you can help James