The Hidden Traps in Auto Loans

How the dark side of consumer finance prioritizes profit over people.

Interview Featuring


Thomas Herndon uncovers the predatory nature of certain auto loans that are intentionally structured to fail. Highlighting a systemic issue within consumer protection, Herndon reveals how these loans, expecting multiple repossessions, exploit borrowers through excessive fees, ultimately benefiting lenders at the cost of consumer credit and financial stability. His research not only challenges conventional financial practices but also calls for a reevaluation of the underlying economic models and the distribution of power within the financial sector.

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