Wells Fargo Consumer Banking

🔗 official site

Retail banking, credit cards, and mortgage services.

Ultimate Parent Company: Wells Fargo & Company Public

Shoptegrity Composite Score

36.0 / 100

Confidence: 23%

Ownership & Structure 30 / 100

Ownership structure: Public

Capital Extraction 30 / 100

Estimated 85.0% of profit extracted to buybacks and dividends.

Pay Equity 15 / 100

CEO-to-median-worker compensation ratio is 325:1.

Labor Practices 50 / 100

Labor score based on 1 recorded events and certifications.

Environmental Impact 70 / 100

Environmental score reflects compliance, agricultural practices, and impact records.

Locality & Community Wealth 25 / 100

Local footprint: National Public

✨ Recommended Higher-Integrity Alternatives

Editor-approved swaps

⚡ Better Swap

Consumer Coop ($)

National digital credit union eliminating megabank predatory overdraft fees with 80,000+ fee-free ATMs.

Experience Note: Identical modern mobile app, instant deposits, and nationwide ATM network.

Where to buy: Online, iOS/Android mobile app, nationwide CO-OP ATMs. • Saves $120/year in account fees + higher savings interest.

Score: 77.8

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🏆 Best Swap

Credit Union ($)

Moving deposits from a repeat-violator megabank to a member-owned community credit union stops predatory extraction and funds hometown loans.

Experience Note: May differ: fewer private storefronts; capital directly underwrites local community mortgages.

Where to buy: Online, regional branches, and 30,000+ fee-free CO-OP ATMs. • Saves ~$120/year in maintenance fees + lower loan interest rates.

Score: 86.2

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Every fact is cited with direct links to official regulator actions, SEC filings, or independent audits.

labor Source: Consumer Financial Protection Bureau Enforcement Order

CFPB ordered Wells Fargo to pay $3.7B in customer redress and penalties over widespread consumer account abuses.