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Wells Fargo shuts down all personal lines of credit, sparking outrage
New York (CNN Business)Wells Fargo is shutting down all of its existing personal lines of credit, sparking outrage from consumers and advocates.
A spokesperson for the bank said Wells Fargo made the decision last year as part of an effort to simplify its product offerings. The bank feels it can better meet borrowing needs through credit cards and personal loans, the spokesperson said.
