The Des Moines Register reports that a 68-year-old Vietnam veteran was fired from his Wells Fargo Home Mortgage job because 49 years ago he put a cardboard dime slug into a laundromat’s washing machine.
The paper said federal regulations now prohibit banks from hiring people convicted of certain crimes. This was supposed to root out bad actors at the top, but banks have been firing low-level workers.
According to the Register, Iowa’s Republican Senator Chuck Grassley released a statement that said in part: “On the face of it, these situations seem unfair.” Ya think?
He went on to say, “The public is right to question why top executives aren’t being held accountable, especially when banks themselves are using federal regulations to justify firing rank-and-file workers.”
Banks, of course, are likely to just blame regulations. But they are taking this to a ridiculous extreme.