For anyone who has not acknowledged that Wells Fargo is the worst bank in America and moved their money to a less predatory bank or CREDIT UNION:
After arbitrarily closing accounts of depositors they didn't like, with no adverse events and no warning
After refusing to submit hundreds of thousands of PPP loan applications for small business clients
After using federal relief funds to finance executive retreats
After failing to pay property taxes and insurance for thousands of mortgage holders from escrowed funds
After opening unauthorized accounts for depositors without their permission
Wells Fargo has announced that they have no money to support personal lines of credit and will close all related consumer accounts, with loan balances called due on closure. Your credit score may be adversely affected.
Per CNBC, those whose credit lines are involuntarily closed will still see their FICO scores penalized as if they had elected to close the credit line willingly.
After arbitrarily closing accounts of depositors they didn't like, with no adverse events and no warning
After refusing to submit hundreds of thousands of PPP loan applications for small business clients
After using federal relief funds to finance executive retreats
After failing to pay property taxes and insurance for thousands of mortgage holders from escrowed funds
After opening unauthorized accounts for depositors without their permission
Wells Fargo has announced that they have no money to support personal lines of credit and will close all related consumer accounts, with loan balances called due on closure. Your credit score may be adversely affected.
Per CNBC, those whose credit lines are involuntarily closed will still see their FICO scores penalized as if they had elected to close the credit line willingly.
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