John Oliver Takes on the Predatory World of Subprime Car Loans

“If the phrase a ‘boom in subprime loans’ is making your eye twitch with flashbacks to the mortgage crisis, just wait—we’ll get there.”


On Sunday, John Oliver took on the shady world of subprime auto lenders, an industry that too often tricks vulnerable people into paying far more for a used car than it’s actually worth. As the Last Week Tonight host explained, predatory loans are just “one of the many ways that when you are poor, everything can be more expensive,” with lenders’ practices driving borrowers into inescapable debt and bankruptcy.

It’s also an industry, unburdened by alarmingly lax rules, that closely resembles the 2008 financial crisis. For more on subprime car loans, head over to our recent in-depth coverage here.

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And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

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