Wells Fargo announced on Monday that it has put a cap on the amount of money it will loan to subprime borrowers.
As reported by CNBC, according to execs, the San Francisco-based banking giant “is limiting the dollar volume of its subprime auto originations to 10 percent of its overall auto loan originations.”
Last year, that number was $29.9 billion. The new ruling will affect borrowers with credit scores of 640 or lower.
Many drivers don’t know how to compare car insurance except by looking at price. There’s nothing wrong with comparing based on price, but you won’t get the best...
Read more
It's easier than ever before to compare car insurance quotes and find a better deal. You can do it using Insurance.com's quote comparison tool below or over the...
Read more
A new group has been formed by The Alliance of Automobile Manufacturers and Association of Global Automakers to help prevent cyberattacks on cars and trucks. Alliance President CEO...
Read more
Wells Fargo revealed to Reuters on Tuesday that it has begun creating more branches devoted to car loans and financing for auto dealers as a way to increase...
Read more
A new study conducted by InsuranceQuotes.com found that 18-year-olds pay an average of 18 percent more for car insurance when they sign up for individual plans than they...
Read more
