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Home » Store » News » Lender Tightens Nonprime Policies As Warnings Grow Over Products

Lender Tightens Nonprime Policies As Warnings Grow Over Products

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Wells Fargo has announced a preemptive compliance strategy designed to help consumers avoid the pitfalls of nonprime products and, apparently, to shield the company from future compliance and reputational risks. The changes improve Wells Fargo’s current nonprime mortgage lending practices, while aligning key policies and clarifying the guidelines that help the company meet consumers’ financial needs, according to a statement by the Iowa-based company. …
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