“The subprime mortgage crisis, but with cars”: John Oliver explains why poor people pay 19% on auto loans — Quartz

John Oliver, host of the HBO show “Last Week Tonight,” takes on the opaque world of auto lending. Lending money to risky borrowers buying a car is a trillion dollar industry in the United States. Known as subprime auto lending, Oliver points out that while helping people buy a car sounds great, lenders are taking…

via “The subprime mortgage crisis, but with cars”: John Oliver explains why poor people pay 19% on auto loans — Quartz

Advertisements