Open Access. Powered by Scholars. Published by Universities.®
Autoloans; Infrastructure; Car Loans; Debt; Bankruptcy; Fintech; Technology; Car Economy; Automation; paycheck-to-paycheck; Consumer Financial Protection Bureau; CFPB; COVID-19; repossession; kicking the trade; Uber; Lyft; Federal Trade Commission; FTC; Uber Xchange; Uber Car Financing; ZipCar; City of Chicago v. Fulton; Chapter 13; Outside Financial Auto Loan Markup Index; Consumer Protection; Credit Apps; Subscription Programs; Ride-sharing; starter interruption device; SID; Consumer Bankruptcy Project; CBP; Chapter 7; superdiscarge; nondischargeable;
Articles 1 - 1 of 1
Full-Text Articles in Law
Consumers' Declining Power In The Fintech Auto Loan Market, Pamela Foohey
Consumers' Declining Power In The Fintech Auto Loan Market, Pamela Foohey
Brooklyn Journal of Corporate, Financial & Commercial Law
Automobiles have become part of America’s infrastructure. For most people, having access to a car is crucial to their livelihoods and they will take on significant amounts of debt to purchase vehicles. Auto debt is unlike any other consumer debt, both in its structure, which allows creditors to easily seize collateral, and in its lack of regulation. The unique and lucrative nature of auto debt has not gone unnoticed by lenders or by companies leveraging fintech to offer people new ways to purchase cars and car loans. This Article assesses the evolving marketplace for auto sales, leasing, and loans to …