Regulations

Uber, Shady Partners Pushing Drivers Into Subprime Loans

Posted on November 5, 2014
The subprime lending market that plunged America into the Great Recession is back and as unscrupulous as ever. Instead of mortgages, this time a bubble has formed around auto loans, and reliably ruthless Uber is in the thick of it. Two "partners" in Uber's vehicle financing program are under federal investigation, but Uber hasn't slowed its aggressive marketing campaign to get drivers with bad credit to sign up for loans.

ValleyWag article here

Related Topics: driver behavior, TNCs, Uber, vehicle financing, Vehicle Loans

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