Subprime Auto Lender Checked Income on Just 3% of Loans in Bond

Date: 2019-09-06 20:49:43

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Sep.06 — One of the biggest U.S. subprime auto finance companies was verifying income on fewer and fewer borrowers when it comes to $1 billion of bonds it sold this year. Bloomberg’s Lisa Abramowicz has more on “Bloomberg Markets: The Close.”