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Home » Store » News » Wells Fargo Ends Non-Prime Portfolio Originations

Wells Fargo Ends Non-Prime Portfolio Originations

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Wells Fargo – one of the last remaining large-scale non-prime originators – announced this week that it will discontinue non-prime portfolio originations. The change is tied to the closure of all 638 Wells Fargo Financial branches, including the elimination of 2,800 positions within the next 60 days and 1,000 positions during the next 12 months. “The economics of a separate Wells Fargo...
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