[smnrchrds]

Do you remember the time Wells Fargo set such high sales targets for its employees that unless they committed fraud, they could not meet it; and then fired those who did not commit fraud and thus fell short of sales targets; and then many of those fired employees found out that they have been essentially blacklisted throughout the entire banking industry, because Wells Fargo had added negative remarks about them to their U5 to justify the firing instead of telling the truth that they were fired because they refused to commit fraud? I sure remember.

The problem with these sorts of backchannel data sharing is that unlike things like credit reports, individuals have little to no access to see what is in their file and dispute it.

https://www.nytimes.com/2016/11/04/business/dealbook/wells-f...