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6/3/20

Wells Fargo halts loans to most independent car dealerships

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"We are doing everything we can to help customers weather the economic impacts of this health crisis ... we also have an obligation to review our business practices in light of the economic uncertainty presented by COVID-19," the spokeswoman said in an email. Wells Fargo has let the majority of its independent dealership customers know that it will suspend accepting loan applications, the spokeswoman said, adding that the bank will continue doing business with customers with whom it has "deep,

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Wells Fargo halts loans to most independent car dealerships originally appeared on Autoblog on Wed, 3 Jun 2020 10:18:00 EDT. Please see our terms for use of feeds.

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