1. GPS Tracking By Car Lenders Draws Scrutiny.
- Author
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CORKERY, MICHAEL and SILVER-GREENBERG, JESSICA
- Subjects
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CONSUMER finance companies , *AUTOMOBILE loans , *GPS software , *RIGHT of privacy lawsuits , *REPOSSESSION , *CORRUPTION - Abstract
The article discusses an investigation of U.S. car lenders by the Federal Trade Commission regarding GPS tracking used in automobiles. Topics include the tendency for lenders to extend loans to more low-income Americans as they can easily locate the cars if they need to be repossessed, lenders' installation of devices allowing them to remotely disable a car's ignition if a borrower misses a payment, and privacy concerns related to the location tracking of borrowers.
- Published
- 2017