July 09, 2021

CNBC: Sen. Elizabeth Warren slams Wells Fargo for causing potential credit score hit to its customers

Wells Fargo’s decision to pull customers’ credit lines was lambasted by Sen. Elizabeth Warren.

The bank has been notifying customers that their personal lines of credit would be closed, a move that could potentially damage their credit scores, CNBC reported Thursday.

“Not a single customer should see their credit score suffer just because their bank is restructuring after years of scams and incompetence,” Warren, a Massachusetts Democrat, tweeted Thursday evening. “Sending out a warning notice simply isn’t good enough – Wells Fargo needs to make this right.”


Read the full article here

By:  Hugh Son
Source: CNBC