As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon
As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon
When Don Foss was inducted into his industry’s hall of fame in 2015, he was adamant he wasn’t retiring. Addressing a Las Vegas audience of easy-credit used-car dealers who lauded him for creating the subprime auto-loan business, he said, “I’m just getting embarked.”