No White Hats In This Story

Started by supsalemgr, July 09, 2021, 08:32:53 AM

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supsalemgr

https://www.cnbc.com/2021/07/09/wells-fargo-sen-elizabeth-warren-slams-bank-for-potential-credit-score-hit-to-its-customers.ht

I bank with Wells Fargo only because they bought the bank I had used for years, Wachovia. I have not changed because I have no reason to deal with them personally and I do not want to change banks and what that entails.

Working in sales I saw the ineptness of employees trying to sell me stuff once Wells Fargo took over. There was obviously little or no training and it backfired on the bank, rightly so.

Now Senator Warren is wringing her hands on some customers having some negative impact on their credit scores by the bank eliminating lines of credit. I am sure they are doing this because it is a loser. Probably a bunch of folks took advantage of the line of credit and didn't pay it back. As for the credit scores they were improved by the lines of credit. It is just a wash now.

The bottom line is it just another embarrassment for a leftist run bank out of San Francisco.
"If you can't run with the big dawgs, stay on the porch!"