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Subprime Auto Loans Make Wall Street Rich as Borrowers Struggle

Bloomberg Markets Monday 28 September 2026, 22:23 UTC 1 min read
Key Points

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.

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)
Paige Smith (PERSON) Ann Choi (PERSON) Bloomberg (PERSON)
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