Wells Fargo named a new head of its auto lending division, which has started to grow following a period when the
company deemphasized car loans. Tanya Sanders, who joined the bank's auto lending unit in 2019, will succeed Laura Schupbach, who is retiring after 26 years at the $1.9 trillion-asset bank. Mike Weinbach, CEO of consumer lending at Wells Fargo, credited Sanders with helping to modernize the company's auto unit over the last two years. Sanders has been heading the auto division's transformation team and previously led its underwriting and fulfillment division. Before joining Wells, she was managing director of business operations at Chase Auto, and held leadership positions at Bank of America and General Electric.