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News Headlines - subprime


Uber drivers thought leasing cars would boost their credit scores. Wrong.
Xchange targeted a subprime market of drivers with poor or no credit and limited options for getting a car. Many of these drivers assumed making regular payments to Uber would improve their financial standing. Now, as the program winds down, they're ...

New York Post

Two Obama holdovers are sowing the seeds for another subprime collapse
New York Post
Fannie also has started up a new subprime lending program. Such loans were blamed for plunging millions of minorities into foreclosure in the last housing crisis. “We should all be advocating for African Americans,” Watt told the National Association ...

Wall Street Journal

OneMain, Citigroup's Former Subprime Lender, Fields Takeover Bids
Wall Street Journal
Subprime lender OneMain Financial Holdings Inc. OMF -0.85% is in talks to sell itself, according to people familiar with the matter. OneMain is in advanced discussions with a number of interested parties, both rival lenders and private-equity firms ...
Subprime lender OneMain putting itself up for sale: sourceReuters

all 7 news articles »

Investopedia (blog)

Are Retail Stocks The Next Subprime Meltdown?
Investopedia (blog)
A prescient group of investors piled up staggering profits during the 2008 financial crisis by shorting the subprime industry. Now, many investors say they see the same opportunity in bricks-and-mortar retailing in the U.S., which has been thrust into ...

Power Line (blog)

How Obama holdovers are sowing the seeds for another subprime ...
Power Line (blog)
The two Obama officials are Mel Watt, who is serving a special five-year term as head of the Federal Housing Finance Agency, and Richard Cordray, head of the ...
Two Obama holdovers are sowing the seeds for another subprime ...Builder Magazine

all 2 news articles »


Is Income Verification on Subprime Auto Loans Overrated ...
Santander Consumer USA, one of the biggest subprime auto loan finance companies, often ends up verifying income and employment status on only a minority ...

and more »

Enterprise News

JD Byrider is latest target in subprime auto loan probes
Enterprise News
In similar cases, Massachusetts Attorney General Maura Healey has drawn parallels between the auto lending practices and the subprime housing loan crisis that set off a global economic recession in 2008. BROCKTON – “Bad credit? Get the green light!”.

and more »

If the rules are right, digital microlending could play role in subprime market
R Street
Subprime borrowers may have practiced poor financial habits or failed to meet their obligations, but this does not change their need for emergency credit when things get tight. Locked out of the prime credit market, these borrowers resort to payday ...

New Haven Register

Lenders pull back on new subprime loans
New Haven Register
It's tough living on the lower end of the credit score scale. If you have a credit score below 640 or so, you are generally given "subprime" lending offers for any form of credit that you request. From credit cards to auto loans and mortgages, you will ...

CBS News

Navient plunges after subprime loan lawsuit (update)
Seeking Alpha
The Pennsylvania Attorney General's Office files a lawsuit against student loan company Navient (NASDAQ:NAVI) alleging subprime loans. The suit says Navient loaned to students attending schools with low graduation rates and “an extremely high ...
Student loan servicer Navient lands in the crosshairs of Pennsylvania attorney generalWashington Post

all 59 news articles »
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