The bank is now rated “C-” and may be the biggest business ever to lose the agency’s stamp of approval.
by Jeff Cox
Among all of the indignities Wells Fargo has sustained in the wake of its illegal sales scandal, the bank is now out of good standing with a leading consumer watchdog group.
The San Francisco-based lender is no longer accredited by the Better Business Bureau, making it possibly the biggest business ever to fall into that category.
“Nobody can recall a company of this size, this scope, losing their accreditation,” Thomas Bartholomy, CEO of the Better Business Bureau of Southern Piedmont, told WCNC, the NBC affiliate in Charlotte, North Carolina.