COVID-19’s economic impact on borrowers’ ability to repay loans has had major repercussions for auto lenders, and the U.S. Supreme Court recently issued a decision relating to repossessions in bankruptcy.
In this episode of More with McGlinchey, Rudy Cerone (New Orleans) and Colin Quillinan (Albany) discuss the forecast for auto repossessions as COVID borrower relief programs wind down, and the impacts of the recent Fulton decision.