ProPublica
•Technology
Technology
79% Informative
For years , investors bought bonds backed by auto loans because they reliably produced handsome returns.
But now, for the first time in decades , that winning streak appears to be coming to an end.
The Consumer Financial Protection Bureau is suing two of those lenders over potentially predatory practices.
Experts say the woes could signal a significant blow to a key pillar of the U.S. economy.
Authorities accuse the company of charging interest rates so high that they violate New York law.
CAC has denied the regulators’ allegations, arguing that it is not directly involved in the transactions between dealers and car buyers.
The lawsuit argues that borrowers and bond investors are both victims of the alleged scheme.
VR Score
81
Informative language
80
Neutral language
43
Article tone
formal
Language
English
Language complexity
61
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
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