Subprime Auto-Loan Titan Defends Longer Terms as New Normal

(Bloomberg) -- Thomas Dundon, board member at Santander Consumer USA, discusses subprime auto debt and the risk of a new bubble forming as the Federal Reserve prepares to hike interest rates. He speaks on "Bloomberg Markets." (Source: Bloomberg)

The man who created one of the biggest U.S. subprime lenders says there’s nothing dangerous about borrowers being given longer car loans.

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