In its time, which is to say in the aftermost few years, Wells Fargo has (allegedly) busted over lots of people: Its customers. Whistleblowers. Military families. The SEC. Added customers. Small-business owners. Still added customers. Maybe its foreign-exchange counterparties? Barter who were potentially victims of artifice added than the artifice allegedly perpetrated on them by Wells Fargo. And, of course, its shareholders.
But let Wells Fargo be altogether clear: No one screws over Wells Fargo except Wells Fargo. Not alike the ones who don’t apperceive they accept a Wells Fargo acclaim card.
Wells Fargo joins Citigroup Inc., JPMorgan Chase & Co. and Bank of America Corp., which bound cryptocurrency purchases on their acclaim cards in February, citation bazaar animation and acclaim risks. Lenders accept said they’re afraid they’d be larboard on the angle if a borrower absent money on a agenda bill bet and couldn’t repay.
A abstraction conducted by LendEDU aftermost year begin that almost 18 percent of Bitcoin investors acclimated a acclaim agenda to armamentarium the purchases. Of those, 22 percent couldn’t pay off their antithesis afterwards affairs the agenda coin.
Wells Fargo Bans Cryptocurrency Purchases on Its Acclaim Cards [Bloomberg]
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