A former Wells Fargo employee filed a lawsuit against the bank alleging gender discrimination and unlawful dismissal in violation of the Equal Pay Act.
In a filing announced on August 12, 2020, Raena Krestovnikov claimed that Wells Fargo "perpetuates a tough double standard between male and female employees." The former mortgage advisor claimed the company exposed her to a lower pay structure, compensation and benefits compared to her male counterparts, based solely on gender.
After addressing the chain of command issue, the plaintiff alleged the company had taken punitive action, resulting in a refusal to pay earned commissions, reassign their accounts to male employees, and lose their jobs.
"She has alleged that she … asserted her right to retain an attorney so that an attorney of her choice could investigate the matter," said Greg Helmer, partner at Helmer Friedman LLP, who represents the plaintiff, in an interview.
"After raising her discrimination concerns with Wells Fargo management, she claims she was rejected, her supervisor refused to meet with her to discuss work-related matters and was fired shortly thereafter." said Helmer.
Ms. Krestovnikov says Wells Fargo owes her between $ 200,000 and $ 800,000 in unpaid commissions. The plaintiff also claims the company sent her two letters asking for the return of $ 1,000 that she allegedly overpaid.
In a statement to National Mortgage News, Wells Fargo said it "is studying the complaint and is unable to comment on this pending case."
The company representative added: “Wells Fargo is against all discrimination. Diversity and inclusion are one of our core values. Our goal is to promote diversity and inclusion in all aspects of our business. "