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Subprime loan market losing its appeal for lenders

Dec 27, 2017
Subprime loans give money to borrowers with less-than-stellar credit ratings. In return, lenders collect higher interest. But the shine is off lending to riskier borrowers these days. There’s word this week that Uber is selling off its subprime car-leasing division. That’s according to the Wall Street Journal, although Uber would not comment. The company originally […]

Uber’s divorce from auto leasing business highlights subprime market risks

Aug 10, 2017
Uber, amidst its many troubles, will be winding down one chunk of its business. The Wall Street Journal reports that Uber will end it’s car leasing program by the end of the year. You may remember from 2015 that Uber started an auto leasing division as a way to attract new drivers. The idea being, […]