as declared in
Credit card applications at Wells Fargo plunged by 55% in February, the sharpest decline since the bank’s fake account scandal erupted last September.
But the February plunge in credit card applications was worse than even the 50% decline Wells Fargo experienced in October during the height of the scandal.
Regulators have said that Wells Fargo employees may have submitted as many as 565,000 credit card applications without customers’ knowledge or consent.
Mack said Wells Fargo ramped up its advertising in February and plans to launch a new marketing campaign in April.
NEW YORK (CNNMoney) – Wells Fargo is having a hard time getting Americans to sign up for credit cards these days.
collected by :Ros Roger