Sentences with phrase «auto lending takes»
«Predatory subprime auto lending takes advantage of vulnerable New Yorkers in every corner of our state and often drives people with bad credit further into debt.
http://thebronxchronicle.com/ Not exact matches
However, lending restrictions are less stringent in the auto loan industry, so it's a bit easier for consumers to take out this kind of loan.
We must take action now to avoid a future crisis in the subprime auto lending industry that preys on those who could least afford it,» said Senator Hamilton, Chair, Senate Committee on Banks.
Unscrupulous auto dealerships often engage in lending practices that mirror the subprime mortgage crisis, and we need to take action now to protect our most vulnerable residents from being hurt by these deceptive practices,» said Senator Klein.
However, lending restrictions are less stringent in the auto loan industry, so it's a bit easier for consumers to take out this kind of loan.
When someone takes out an auto title loan with us, we are there to lend not only money but a hand.
It's also true it doesn't take much of a rocket scientist to understand that by tightening down the lending criteria for consumers looking for new auto loans this would be an expected result.
Lending risk is what all lenders (mortgages, auto, insurance, credit card companies etc) take into account when determining the dollar amount and rate at which they are willing to lend borrowers.
Some experts are comparing the heavy hits the subprime auto lending companies have taken in the automobile sector to the subprime mortgage crisis of 2007 to 2010.