Wells Fargo has been fined $185 million for illegally opening accounts for existing customers. More than 2 million accounts were opened without customer permission. The financial ramification to consumers is still being sorted through, and many people have questions about their accounts, credit report, and the financial impact. OE Federal wants members who may also be Wells Fargo customers to know the Credit Union is here to help.
It’s important to understand that if you’re a Wells Fargo customer, you may be a victim. In many instances, Wells Fargo customers do not realize their accounts have been compromised, or they may be experiencing other credit issues related to the incident such as paying a higher interest rate on a loan due to a negatively impacted credit score.
OE Federal partners with a financial fitness program called BALANCE to provide you with free access to expert financial education, resources, and counseling. BALANCE is available to assist our members with determining if their Wells Fargo accounts have been affected by these illegal practices.
BALANCE certified counselors will work one-on-one with OE Federal members to review credit reports and determine if you were affected, and if so, recommend a course of action to repair your credit.
How to Get Help: