Last week I shared a letter I had to written to Wells Fargo CEO John Stumpf in March of 2013, regarding the intense sales culture and the negative impact it had on employees, including my sister, who was about to lose her job because she could not meet her sales goals. In that letter, I quoted to him Wells Fargo's Vision Statement:
The Consumer Financial Protection Bureau's (CFPB) proposed rule on short term credit unveiled last month has spurred much debate. While the Bureau says it wants to protect consumers, I'm concerned that the rule will have the exact opposite impact, eliminating credit for millions of Americans and making many worse off. What's more, minority communities who are unbanked or underbanked will be disproportionally impacted.