CFPB Investigating Wells Fargo For Checking Account Practices

Written by William Charles @ Doctor Of Credit

Wells Fargo has disclosed in a recent SEC filing that they are under investigation by the CFPB for checking account practices. Specifically the investigation is over how Wells Fargo disclosed how often a debit card needed to be used to receive a monthly fee waiver. Wells Fargo has previously agreed to a $142 million class […]

Read More

Report: Wells Fargo Propel, Annual Fee to be Removed From Card

Written by Chuck @ Doctor Of Credit

Reader Schmekel heard from two separate Wells Fargo supervisor/managers that they’ve sent out a letter with the information on the Wells Fargo Propel World card that the annual fee on the card is being removed going forward. No action required on the part of the customer. We don’t know how long this card will last […]

Read More

[Rumor] Wells Fargo To Discontinue Propel Cards [Last Week]

Written by William Charles @ Doctor Of Credit

According to reddit user LA-and-SF (citing internal document) Wells Fargo will be discontinuing the Propel cards on 4/19/21. It is expected that these cards will no longer be available to new cardholders but existing cardholders will be grandfathered. The Wells Fargo Propel World card is still available for sign up over the phone, it offers […]

Read More

Wells Fargo To ‘Significantly Improve Credit Card Value Proposition’

Written by William Charles @ Doctor Of Credit

Wells Fargo just had their Q1 earnings call, one of the key takeaways for our readers is the desire to improve the credit card value proposition for consumers. Charles Scharf (Wells Fargo CEO) had this to say: As I’ve spoken about before, we’re underpenetrated in credit card given our customer footprint, and we’re working on […]

Read More

[Rumor] Wells Fargo To Discontinue Propel Cards [Last Week]

Written by William Charles @ Doctor Of Credit

According to reddit user LA-and-SF (citing internal document) Wells Fargo will be discontinuing the Propel cards on 4/19/21. It is expected that these cards will no longer be available to new cardholders but existing cardholders will be grandfathered. The Wells Fargo Propel World card is still available for sign up over the phone, it offers […]

Read More

[Rumor] Wells Fargo To Discontinue Propel Cards

Written by William Charles @ Doctor Of Credit

According to reddit user LA-and-SF (citing internal document) Wells Fargo will be discontinuing the Propel cards on 4/19/21. It is expected that these cards will no longer be available to new cardholders but existing cardholders will be grandfathered. The Wells Fargo Propel World card is still available for sign up over the phone, it offers […]

Read More