https://www.naturalnews.com/2023-05-09-americans-defaulting-subprime-auto-loans-great-recession.html
May 09, 2023 - This is according to a new report from Florida-based fixed-income asset manager Bramshill Investments. The company's report noted that inflation and higher interest rates from the Federal Reserve – and as much as 20 percent interest rates on used cars – have been eroding the paychecks of all consumers in the United States."It is very apparent to us that it is negatively affecting subprime borrowers – who tend to have lower credit scores and lower incomes – more harshly ...
https://www.naturalnews.com/2022-12-21-cfpb-wells-fargo-fine-mismanagement-fraud-corruption.html
December 21, 2022 - The CFPB has ordered Wells Fargo to pay more than $2 billion to redress consumers and $1.7 billion in civil penalties for legal violations across numerous segments of its largest product lines.Wells Fargo engaged in all sorts of illegal activity that caused serious financial harm to its customers. Thousands of them even lost their cars and homes, unfairly, due to the company's gross mismanagement of loans, mortgages, and bank accounts."Consumers were illegally ...
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