Wells Fargo Shuttering Personal Lines of Credit

[LuFins Dad]

Wow… https://nypost.com/2021/07/08/wells-fargo-reportedly-closing-all-personal-lines-of-credit/

[Loki]

I suppose this is part digging out of fantastic loss due to consequences of fake accounts and maybe an indicator of coming economic issues.

So much free money has been given out I wonder what the capacity is for people to pay on real loans.

[Jolly]

Biden Bucks only go so far...

[jon-nyc]

@jolly said in Wells Fargo Shuttering Personal Lines of Credit:

Biden Bucks only go so far...

“ The move comes more than a year after the bank suspended home equity loans, given the economic uncertainty fueled by the COVID-19 pandemic.

The fallout from the pandemic also prompted the bank to stop providing loans to a majority of its independent auto dealer customers last year.”

Looks like Trump Bucks only went so far too.

[Jolly]

Doesn't have the same ring. And, as one wag has so often pointed out to me, if it happens on the current President's watch...