Consumer Finance
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Call Preparation Questions
What programs does the company have to ensure compliance with predatory lending regulations?
Consumer finance companies need to be wary of state regulations against subprime "predatory" lending practices (high interest rates and fees, deceptive advertising, and contracts that confuse borrowers) because they often make credit available to consumers with poor or thin credit who may have limited financial sophistication.
How does the company protect itself from losses during economic downturns?
Consumer finance companies are more vulnerable to financial losses during economic slowdowns, when delinquencies, bankruptcies, and foreclosures are disproportionately higher for subprime borrowers.