DES MOINES, Iowa (AP) — Wells Fargo Home Mortgage has fired an Iowa worker over a 1963 incident at a laundry in the wake of new employment guidelines.
The Des Moines Register (http://dmreg.co/RSh49T ) says 68-year-old Richard Eggers was fired in July for putting a cardboard cutout of a dime in a Carlisle washing machine decades ago.
Court files say he was convicted of operating a coin changing machine by false means. Eggers calls it a "stupid mistake" but questions his firing.
Big banks have been firing employees due to new federal banking and mortgage employment guidelines. They're meant to weed out employees guilty of identity theft and mortgage fraud but are being applied across-the-board because of a possible $1-million-day-fine for noncompliance.
A Wells Fargo spokeswoman says expectations on banks have never been higher.
Information from: The Des Moines Register, http://www.desmoinesregister.com