Subprime Auto Lenders news and trends

FTC Inquiry Looks At Use Of Kill Switches By Auto Lenders

February 20, 2017
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FTC Inquiry Looks At Use Of Kill Switches By Auto Lenders

February 20, 2017
The Federal Trade Commission is investigating the use of kill switches by auto finance companies to get subprime borrowers who have missed payments to catch up or repossess their vehicles. According to a report by Bloomberg, citing a person with knowledge of the matter, the FTC is requesting information from two lenders and potentially more. The […]