Weeks after Wells Fargo & Co. set off a public outcry over its plan to discontinue personal lines of credit, the bank is reversing course.
In recent days, the San Francisco-based lender began informing customers who have been using their personal credit lines that the financing channels will remain available. People who haven’t used their accounts since October also will be given the option of keeping them open, according to notifications seen by Bloomberg.
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August 19, 2021 at 03:19AM
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Wells Fargo Abandons Plan to Shut Down Personal Credit Lines - Bloomberg
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