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How I Collected The Data For Our Latest Story On Credit Acceptance

HOW I COLLECTED THE DATA FOR OUR LATEST STORY ON CREDIT ACCEPTANCE

Hi, I'm Ishaan Jhaveri. I'm a data journalist who works with Gizmodo Media Group's Special Projects Desk. I worked with Ryan Felton...

How a Subprime Auto Lender Consumed Detroit With Debt and Turned Its Courthouse Into a Collections Agency

HOW A SUBPRIME AUTO LENDER CONSUMED DETROIT WITH DEBT AND TURNED ITS COURTHOUSE INTO A COLLECTIONS AGENCY

When Don Foss started his career as a car salesman, he recognized early on that most of his prospective customers had shaky credit,...

 
 
 
A hedge-fund manager owes $1 billion in taxes after a loophole catastrophically closed

A HEDGE-FUND MANAGER OWES $1 BILLION IN TAXES AFTER A LOOPHOLE CATASTROPHICALLY CLOSED

Reuters John Paulson will have to pay $1 billion in taxes this year because of a tax loophole that is now closed. The hedge-fund manager...

An eerie trend that helped caused the financial crisis is back

AN EERIE TREND THAT HELPED CAUSED THE FINANCIAL CRISIS IS BACK

Spencer Platt/Getty Images The subprime mortgage was the fastest growing bank asset in 2017. Subprime mortgages contributed to the...

 
 
 
People have stopped paying their car loans, and it's a risk to a $200 billion market

PEOPLE HAVE STOPPED PAYING THEIR CAR LOANS, AND IT'S A RISK TO A $200 BILLION MARKET

Flickr/minicooper93402 Wall Street has been worried about the subprime-auto-loan market for some time . New research from the New York...

Profit warning, CEO gone, shares in freefall: Subprime lender Provident Financial is in crisis

PROFIT WARNING, CEO GONE, SHARES IN FREEFALL: SUBPRIME LENDER PROVIDENT FINANCIAL IS IN CRISIS

LONDON - Shares in Provident Financial, a UK-based door-to-door lender, fell more than 57% on Tuesday after the company cut its dividend,...

 
 
 
John Burbank's Passport Capital, which famously shorted the subprime mortgage crisis, is rapidly shrinking

JOHN BURBANK'S PASSPORT CAPITAL, WHICH FAMOUSLY SHORTED THE SUBPRIME MORTGAGE CRISIS, IS RAPIDLY SHRINKING

Reuters/ Rick Wilking John Burbank's Passport Capital is shrinking. The firm is managing just $900 million, about half of what it did...

Uber's subprime auto loans are causing a lot of problems

UBER'S SUBPRIME AUTO LOANS ARE CAUSING A LOT OF PROBLEMS

Spencer Platt/Getty Uber, which has lost $3 billion last year and has gotten itself into a thicket of intractable issues and scandals...

 
 
 
10 YEARS ON: How the global financial crisis transformed the UK housing market and priced out millennials

10 YEARS ON: HOW THE GLOBAL FINANCIAL CRISIS TRANSFORMED THE UK HOUSING MARKET AND PRICED OUT MILLENNIALS

LONDON - The UK property market fell fast and far when a global financial crisis erupted in 2007, rippling out from a subprime US mortgage...

Deutsche Bank, Credit Suisse settle US subprime investigations for $12.5B

DEUTSCHE BANK, CREDIT SUISSE SETTLE US SUBPRIME INVESTIGATIONS FOR $12.5B

Deutsche Bank and Credit Suisse agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt...

 
 
 
One of the key forces behind the bubbles that led to the financial crisis is back

ONE OF THE KEY FORCES BEHIND THE BUBBLES THAT LED TO THE FINANCIAL CRISIS IS BACK

There are plenty of reasons why the financial crisis occurred. From subprime mortgages to lax regulation over the financial industry,...