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If you can identify a solution to the “I had cancer and lost all of my savings” problem (they do exist!), I’m on board. In the meantime, I don’t care if some le
by favorited 2y ago
If you can identify a solution to the “I had cancer and lost all of my savings” problem (they do exist!), I’m on board. In the meantime, I don’t care if some lenders are prevented from denying car loans to people with insurmountable medical debt.
- everforward 2y agoI too would prefer an actual solution instead of a veneer. It’s worth remembering that this won’t impact loaners, though; they don’t care as long as everyone has to do it so they aren’t getting undercut on rates. They’ll just raise interest rates to cover the extra delinquencies, making cars/houses/etc less affordable to the poor. Hopefully by a small amount if the CFPB is right.