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Wells Fargo fires W.D.M.-based head of consumer lending


Wells Fargo fired its top consumer lending executive after he had communication with a former employee that did not follow the company’s policies, The Des Moines Register reported. Franklin Codel worked as Wells Fargo’s head of consumer lending in West Des Moines and oversaw 45,000 employees whose duties included home lending, dealer services, personal lending and personal insurance. He was promoted to the position in 2016 after working as the head of home lending. In its statement, Wells Fargo said the dismissal was the result of Codel “acting in a manner that was contrary to the company’s policies and expectations of its senior leaders during a communication he had with a former team member regarding that team member’s earlier termination.” According to Reuters, Codel made disparaging comments about a regulator to a fired employee. 

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