Inflation coming.
Wells Fargo got the word that the Democrats are planning to cancel personal debt.
Because women and minorities are adversely affected by personal debt.
At a bank, you periodically evaluate all your products for profitability. If it’s not profitable enough, why are you offering it?
At what point is it no longer a bank?
No brainer. With interest rates falling yet again, these are just not as profitable as forcing everyone into credit cards.
Terrible bank.
I had an account with WF...many years ago. They were AH’s then....and I’ve never done biz with them again.
I’m thinking the regime gave them the heads up that they will be popping the bubble soon.
Well,
That’s Your buddy
In the Wood Chipper?
This is just fallout from their fake accounts scandal from a year or two ago. Wells Fargo has traditionally crossed the line when it comes to fair and reputable banking policies and standards.
The government has put them on a short leash. It wasn’t that long ago that Wells Fargo was illegally repossessing cars from our servicemen. A flagrant violation of the sailors and soldiers relief act.
I really don’t understand why people bank with Wells Fargo. Yes there is a branch on every corner in every town in America but so is a pawnshop
And you will likely get a better deal and be treated more fairly at a pawnshop.
Wells Fargo is just a complete garbage operation.
Canary > IMO
If other major banks adopt this, it could really put the brakes
on any recovery.
Perhaps major banks aren’t the big lenders they used to be.
I would think they still area.
I’d hate to see most banks go this route.
I had one, 9.9% unsecured credit so it was a good product.
Wells Fargo is evil. They are going to screw up a lot of credit scores and cost people many thousands of dollars.