Consumer News: Wells Fargo ends personal lines of credit, Morgan Stanley hit by data breach this year and more

CNN– Wells Fargo has angered some customers by shutting down one of its popular credit products. The bank notified customers who use its personal lines of credit that no more money is available to them. People who used that credit offering could borrow up to $100,000 for things like home repairs, or to consolidate credit card debt. In a notice to customers about the closure, Wells Fargo warned it could impact their credit scores. A Wells Fargo spokesman says customers should now use credit cards and personal loans instead.

Morgan Stanley confirmed it was hit by a data breach earlier this year. The investment firm said the breach resulted in the leak of customers’ personal information. That includes social security numbers, names and addresses. However, the company said there’s no evidence the hackers published the data. It’s not clear how many customers were impacted. The hackers pulled off the breach by targeting one of Morgan Stanley’s third party vendors.

Federal funding for restaurants has come to an end, after running out of money. The program launched in May with $28.6 billion. The White House said that more than 180,000 applications were submitted in the first few days. The fund was set up to help struggling restaurant owners and caterers who were among the hardest hit by pandemic restrictions on gatherings.

If you love McDonald’s fries, here’s a contest you don’t want to miss. The fast food chain is holding a contest where it will give away free fries for life to one lucky winner. It’s to celebrate the restaurant’s new loyalty program. McDonald’s values the prize at just short of $20,000.