February 27, 2007
Wells Fargo might also give credit cards to illegal immigrants
“Wells Fargo might be the next bank to distribute credit cards to checking account customers who don’t have Social Security numbers — namely, undocumented immigrants. The contentious issue captured national headlines last week after Bank of America Corp. announced plans to expand its pilot credit card program throughout Latino-heavy Los Angeles County. The bank has defended its program, saying it is designed to help BofA customers build a credit history. Now, Wells Fargo & Co. is contemplating a similar program. ‘We are exploring the possibility of offering unsecured credit cards to Wells Fargo checking account customers who do not have Social Security numbers,’ a Wells Fargo spokeswoman said. ‘Wells Fargo recognizes a great need for equal access to financial products and services for all customers who want to build credit, establish financial security and achieve the American dream’. “
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