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Wells Fargo will no longer offer personal lines of credit to customers and will shut down existing ones in the coming weeks, according to CNBC.
Wells Fargo, an American multinational financial services company and the fourth-largest bank in the U.S., is ending all personal lines of credit and portfolio lines within the next few weeks and ...
Wells Fargo & Company is an American multinational ... the personal trust ... longer participating in the organization's line of credit and mortgage loan commitments. ...
FICO score: FICO score is available to users who have a Wells Fargo credit card, student loan, auto loan, personal loan, mortgage or home equity line of credit. Wells Fargo Wallet: Carry your ...
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.
In 2008 major home equity lenders including Bank of America, Countrywide Financial, Citigroup, JP Morgan Chase, National City Mortgage, Washington Mutual and Wells Fargo began informing borrowers that their home equity lines of credit had been frozen, reduced, suspended, rescinded or restricted in some other manner. [10]
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