State AGs Accuse Wells Fargo of Abruptly Terminating Customers’ Bank Accounts

Wells Fargo Abruptly Terminating Customers’ Bank Accounts, Say Attorneys General in 16 States, Demanding Immediate Freeze on Lender’s Alleged Debanking Practices More than a dozen state attorneys general (AGs) are accusing banking titan Wells Fargo of abruptly terminating customers’ accounts without warning. In a letter addressed to Wells Fargo CEO Charles Scharf, 16 Republican AGs across the country accuse the trillion-dollar lender of debanking customers in a political and discriminatory manner. The AGs say Wells Fargo has started a new trend that looks at clients’ political views as a basis for retaining banking access. “Within this context, Wells Fargo’s decisions to debank…