A potential pullback in auto lender oversight
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 29 October 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
Bankruptcies appear to be mounting in the subprime auto lending business. This all comes as auto loan delinquencies are rising, and the price of new and used cars stays stubbornly high. Amid all this, the Trump administration is quietly exploring a rollback of federal supervision of subprime auto lenders. Then, could federal law override state law that prevents medical debt from affecting your credit score? Plus, OpenAI goes from non-profit to for-profit.
Correction (Oct. 29, 2025): The introduction for the story about Consumer Financial Protection Bureau oversight of auto loan lenders in this episode contained an error that has been corrected. The threshold for which companies the CFPB can investigate involves how many loans those companies originate.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Worried about your future in tech? |
| 0:03.4 | Master new skills. |
| 0:05.2 | Accelerate your team's impact and redefine what's possible with plural site. |
| 0:10.4 | We're more than just another online learning platform. |
| 0:14.1 | We're shattering the skills gap and shaping future generations of technologists. |
| 0:20.2 | Transform your work. Transform your work. |
| 0:22.1 | Transform your team. |
| 0:24.1 | Ready to tap in? |
| 0:25.9 | Visit us at pluralsight.com to learn more. |
| 0:31.1 | From car and truck debt to medical debt, consumer rules are now in play. |
| 0:37.1 | I'm David Brancaccio in Los Angeles. There's a rule |
| 0:39.7 | under consideration that could change federal oversight of car and truck loans open to people with |
| 0:45.0 | low credit scores. The Consumer Financial Protection Bureau, with a changed vibe under the Trump |
| 0:50.1 | administration, wants to stop looking into allegations of abusive lending by companies that do |
| 0:55.4 | fewer loans. Right now, it can investigate companies that originate as few as 10,000 car loans a year, |
| 1:02.0 | but the CFPB had asked for public comment on maybe only looking at companies that do a million or |
| 1:06.8 | more loans a year. That new threshold would exclude all companies that lend to subprime borrowers |
| 1:12.7 | from CFPB oversight. This even as more borrowers are falling behind on vehicle loans, Marketplace's |
| 1:19.0 | Henry App reports. Right now, the CFPB can, if it wants, examine any of about 63 different |
| 1:25.9 | auto lenders that fall under its supervision. |
| 1:28.5 | An examination is like an audit or an inspection or investigation of a company. |
| 1:36.1 | Laura Lacellis was the director of supervision at the CFPB until February of this year. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.