An ambitious young immigrant needs a car and ends up with a loan he can’t afford. His lender, Credit Acceptance, specializes in subprime car loans -- lending to people with poor credit at exorbitant interest rates. Reporter Anjali Kamat tells the story of one man’s journey with his Credit Acceptance loan from a used car lot to a courtroom, and traces how, a decade after subprime mortgages brought down the economy, subprime car loans remain a favorite on Wall Street.
We hear from:
- Shanna Tallarico, Consumer Debt Attorney at New York Legal Assistance Group
- Michael Barr, Dean of Gerald R Ford School of Public Policy at University of Michigan and former Assistant Secretary for Financial Institutions at the Department of Treasury
This report was produced with support from the Corporation for Public Broadcasting as part of a collaboration between APM Reports, KCUR in Kansas City, KPCC in Southern California, WABE in Atlanta and WNYC.
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Bob Saget's Here For You
BOB SAGET’S HERE FOR YOU is a podcast that is like no other— For one, this podcast has guests who are friends of Bob’s, or just really interesting people who many of you know and love. Secondly, this podcast is unique because it goes inside Bob Saget’s mind, and then quickly filters out through his mouth. Bob has a way of calming people he has conversations with as well as being entertaining and often informative. Bob talks with his guests with genuine empathy and humor, while reaching his unusually diverse audience that he talks to as a friend, Bob is the dad with great advice, the irreverent funny guy who’s always there when you need a laugh, and the free-associative Bob who goes off on crazy tangents then returns to the subject at hand, as serious or as comedic as it may be, to wrap up each episode in a way only Bob can do. Because he really does believe, “He’s here for you."
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