IMHO, sounds similar to Wells Fargo Account Fraud scandal that happened in 2016. Here is the link. To be clear - not saying that there is a big account opening fraud happening at BF, but connecting the dots due to the way greed and incentives lead to such human behavior in lending businesses.
Wells Fargo clients began to notice the fraud after being charged unanticipated fees and receiving unexpected credit or debit cards or lines of credit. Initial reports blamed individual Wells Fargo branch workers and managers for the problem, as well as sales incentives associated with selling multiple “solutions” or financial products. This blame was later shifted to a top-down pressure from higher-level management to open as many accounts as possible through cross-selling.
Hope this behavior is limited to branch workers and branch mangers level and not flowing from the top management.
Would Senior Executives and Promoters be happy about this behavior? I’d guess, NO. Is this issue fixable, I’d guess, YES. As this issue was fixed at Wells quite well.
Just wanted to share my 2 cents.