Fired Iowa Bank Worker Cleared to Work

By: The AP Email
By: The AP Email

A 67-year-old Des Moines man fired by Wells Fargo Home Mortgage over a minor crime nearly 50 years ago has been cleared to return to work in the banking industry.

The Federal Deposit Insurance Corp. approved Richard Eggers' waiver application. He lost his job at a call center in July for putting a cardboard dime in a washing machine at a Laundromat in 1963.

Banks have been firing low-level employees like Eggers since new federal banking employment guidelines were enacted in 2011 and new mortgage employment guidelines took hold in February.

Eggers' attorney says the FDIC approved the waiver on September 26tha month after it was submitted. Waivers have taken six months to a year.

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