Capitol Forum Subprime Auto Financing Conference Tomorrow on Capitol Hill

From the announcement:


Key Industry and Policymaker Questions to be Addressed at the Conference:

Is subprime financing fueling a bubble in the market for used cars?

 What are the parallels and differences between subprime auto lending today and subprime mortgage lending leading up to the financial collapse?

 What are bank regulators, the CFPB and state enforcers doing to police the market?

 Even if banks are relatively less exposed to subprime auto than buy-here-pay-here lenders and non-bank finance companies, is the auto supply chain healthy enough to withstand a lending crisis?

 What ripple effects would a sharp downturn in used car prices cause in the auto industry and to consumers?

 What is the current outlook for defaults and repossessions for subprime borrowers?

More information here.


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