Wells Fargo Joins Chase In Suspending Applications For Home Equity Lines Of Credit

Wells Fargo Joins Chase In Suspending Applications For Home Equity Lines Of Credit

Wells Fargo is temporarily halting its home equity line of credit offering.

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Wells Fargo

WFC
is the latest big bank to join a short but potentially growing list of lenders that are hitting the pause button on applications for new home equity lines of credit amid the escalating economic crisis sparked by the coronavirus pandemic. In mid-April, JPMorgan Chase

JPM
put a…

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