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Undocumented subprime borrowers pose risk to Wall Street

Auto lender Tricolor estimates that over two-thirds of its borrowers are undocumented

Bloomberg News

Marcelo Rodriguez is in the middle of a chain of lending that has connected Wall Street to New York’s Spanish-speaking community, providing a lifeline to vulnerable borrowers including the undocumented. That lifeline is now starting to fray. For years, his company, InQmatic, has connected small-business owners with firms that are willing to bankroll risky loans, […]

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