Sunday, July 20, 2014

In Subprime Auto Bubble, Borrowers Pay Sky-High Rates

"Auto loans to people with tarnished credit have risen more than 130 percent in the five years since the immediate aftermath of the financial crisis, with roughly one in four new auto loans last year going to borrowers considered subprime — people with credit scores at or below 640."

This is an important piece of journalism. Cars for many people provide access and a chance for a better livelihood, but pricing loans for underserved populations is tricky. The NYT uncovered many usurious rates and practices.

 Read more about the stories in the NYT.

Why Women Aren’t C.E.O.s, According to Women Who Almost Were

"It’s not a pipeline problem. It’s about loneliness, competition and deeply rooted barriers." Read more in the NYT .