Banks are allowed to deny car loans to people who can't afford them. If there is a collapse in car loans it will be because neither party is addressing the 23% unemployment.
The Federal Reserve is the only one trying to do anything about the high unemployment and their tools are barely keeping us treading water. The jobs are offshoring faster than we can invent new industries. And that's due to stupid stupid trade policy.
We will continue to have financial crisis after financial crisis if we don't start protecting our market.
The Fed is saving us, huh?
There’s one born every minute.