REUTERS: Wells Fargo & Co will stop providing loans to a majority of its independent auto dealer customers due to the economic challenges brought on by the COVID-19 pandemic, a spokeswoman said on Tuesday.
CNBC reported https://www.cnbc.com/2020/06/02/wells-fargo-cuts-back-from-making-loans-to-independent-car-dealerships.html?__source=twitterper cent7Cmain earlier on Tuesday the lender, who is worried about defaults, had informed hundreds of dealerships last month that it would drop them as customers.
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