Wells Fargo Credit-Card Rate To Raise Ahead of New Law

Written by Carlos Samaniego

Topics: credit cards

Wells Fargo sticking it to consumers their last chance! It makes you sick!!

Oct. 7 (Bloomberg) — Wells Fargo & Co. plans to raise interest rates on a majority of credit-card customers by 3 percentage points before new rules limiting such increases take effect, according to a company executive.

“This is something we’ve been contemplating for quite a period of time,” Kevin Rhein, group head of card services for the San Francisco-based bank, said today in a telephone interview.
Read more at: http://www.huffingtonpost.com/2009/10/07/wells-fargo-creditcard-ra_n_313155.html

Leave a Comment Here's Your Chance to Be Heard!