Wells Fargo Suspends Foreclosure Sales, Evictions, Repossessions


(Bloomberg) -- Wells Fargo & Co. will halt residential property foreclosure sales, evictions and involuntary automobile repossessions in response to the coronavirus pandemic.

The San Francisco-based bank also will assist borrowers with fee waivers, payment deferrals and other considerations upon request, according to a statement on Friday. It plans $175 million in charitable donations tied to the crisis.

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