Wells Fargo to cap subprime auto loans by Tom Huddleston, Jr. @FortuneMagazine March 2, 2015, 6:34 PM EST E-mail Tweet Facebook Google Plus Linkedin Share icons Wells Fargo, the country’s fourth-largest bank, reportedly plans to impose a cap on auto loans for customers with bad credit — a move that comes amid a new boom in subprime lending. That’s according to a report from The New York Times, which cites anonymous Wells Fargo executives saying the bank will put in place a new cap to keep the volume of its subprime auto loans at or below 10% of its nearly $30 million automotive loan business. The Times added that Wells Fargo WFC , which has a reputation in the banking industry for prudent risk management, could serve as a bellwether in an industry currently experiencing a boom in subprime lending that has been driven, in part, by an increase in subprime auto loans. The current boom comes less than a decade after the implosion of the subprime mortgage lending market in the lead up to the 2008 financial crisis, though the subprime auto lending market still represents a fraction of the size of the market for subprime mortgages. There has been increasing concern of late over the potential for another subprime bubble. Last week, the nation’s acting Deputy Attorney General, Sally Quillian Yates, promised “to be on the lookout for, and head off, any potential threat” for fraud in the subprime auto lending market.