Trump’s companies owe Wells Fargo $14.4 million, and the bank services another $1.2 billion in Trump’s companies’ loans.
One of Trump’s first actions when taking office was taking down a Department of Labor website to collect complaints from Wells employees harmed by the bank’s unauthorized account scandal.
Owns over $30 million in shares in this country’s two largest private prison and immigrant detention contractors, and is a member of two bank syndicates that extend credits to those companies. This financing could help these companies expand to service Trump's immigration dragnet. ● Discriminatory lending practices and the unauthorized account scandal have drawn enforcement action from the Consumer Financial Protection Bureau (CFPB), the Department of Justice (DOJ), and several municipalities. Wells would benefit if Trump weakens the CFPB or the DOJ’s enforcement policies. ● Financier of Dakota Access Pipeline, which Trump has let proceed despite public outcry.
Issue a clear statement denouncing Trump’s anti-immigrant, -refugee, and -Muslim agenda, and act to stop Trump’s wall and immigration dragnet;
Cease all investments in, and financing, of private prison and immigration detention companies;
Respect the right of all workers to organize to win a voice on the job and end use of forced arbitration clauses, which prevent affected customers and workers from holding Wells accountable in court; and
Refuse to extend any additional financing to the Dakota Access Pipeline and sell its existing loans on the pipeline. Refrain from financing or investing in any pipeline on indigenous land or that threatens the environment.
Executive Chairman, FRP Holdings, Inc.
Executive Chairman and CEO, BlackBerry Limited
President and CEO, Dignity Health
Vice Chair, Wells Fargo & Company, and former member of the Federal Reserve Board of Governors
retired CEO, Portero, Inc.
Chairman, President and CEO, Inter-Con Security Systems, Inc.
retired Chairman, Vulcan Materials Company
Dean Emeritus, College of Business Administration, University of Nebraska – Lincoln
retired President, The Bank of New York Mellon Corporation
Senior Advisor, Colorado Impact Fund, Former U.S. Secretary of Energy and Former U.S. Secretary of Transportation
CEO Emeritus and retired Partner at Deloitte
Chairman, Wells Fargo & Company
retired Chairman and CEO, Staples, Inc.
CEO and President, Wells Fargo & Company
Chair and CEO, Novatel Wireless, Inc.
President, Kilovolt Consulting, Inc. and Major General and Commander, United States Air Force (retired)