FTC Hunting for Abuse in Auto Lenders’ Implementation of Kill Switches

Finance companies have begun using ignition kill switches and tracking devices, which allow them to disable and then easily locate vehicles for repossession. Some of the devices even remind borrowers when they've missed a payment. According to PassTime, a company that sells such devices, somewhere between 35 and 70 percent of cars financed on subprime loans […] The post FTC Hunting for Abuse in Auto Lenders' Implementation of Kill Switches appeared first on The Truth About Cars. from The Truth About Cars http://ift.tt/Jh8LjA