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Wells Fargo: They Should Do This

Beyond Philosophy

The Consumer Financial Protection Bureau (CFPB) meted out a $185 million fine that included a $100 million penalty to Wells Fargo in 2016 for their violation and abuse of consumer trust. million deposit accounts and over 500,000 credit accounts in all. Unbelievable Violation by World-Renowned Bank—Record Fines!

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Would You Work Here?!?! Recruiting Now!

Beyond Philosophy

Like millions of Wells Fargo customers, Lorraine and I have checked to see if we had any accounts opened with the bank without our consent. A criminal investigation was launched last week in California to identify whether the bank committed felonies. Banks all get into trouble at some point. Enter the Cleaning Crew.

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Why Cash Is No Longer King!

Beyond Philosophy

The restaurant’s founder Alan Bekerman said it was one less thing to think about when he made the decision back in February 2016. do not have a bank account at an insured institution (unbanked), which translates to about nine million households. Iq Food Co. does not take cash. Also, the survey showed that nearly 20% of U.S.

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Making Customer Experience Fun! The Budapest Bank CX Crossword Puzzle

ijgolding

This is a post about customer experience (CX) transformation – about the incredible work being done by a bank in Eastern Europe in their quest to become sustainably customer centric. I first met Laura Tengerdi and Andrea (Andi) Hanyecz in 2016. Budapest Bank had actually started its customer experience program at the end 2015.

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Customers Have Life Cycles. Guess What? So Do Employees! Here’s Why That’s So Important

Beyond Philosophy

In Episode 4, ‘ Building a Business With Purpose’ , from a recent (October, 2016) series of business strategy videos her company produced, entitled “The Entrée”, she said: “It’s really trying to tap into something deeper and capture the hearts and minds of your people … It’s pride, and you want that as a leader.

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Why your contact center is a massive fraud risk

CX Global Media

In fact, data collected at Pindrop® Labs has shown a significant increase in the call center fraud rate, a jump of 113% from 2015 to 2016. Fraud in call centers increased by 113% in 2016. In 2016, that number jumped to 1 in 937, an increase of 113%. Click to Tweet. In 2015, one in every 2,000 calls was fraudulent.

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5 Insights from Our 2016 Study on Customer Experience for Banks

PeopleMetrics

We work with a number of banks and credit unions, all of which are committed to using customer feedback to deliver a great customer experience. We recently aggregated data from across all of our clients to see what we could learn about overarching trends in banking customer experience. 2: New customers struggle most with their banks.

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