Subprime Auto Loans Make Wall Street Rich as Borrowers Struggle
Data indicates that subprime auto lenders are utilizing aggressive tactics, such as extended loan terms and rapid repossessions, to maintain investor returns at the expense of borrowers.
Data show lenders used different tactics, extending terms or repossessing cars quickly, to keep their investors happy. Neither approach is great for customers. Paige Smith and Ann Choi report. (Source: Bloomberg)
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