After Emerging From Bankruptcy Washington Wants To Know Why GM Is Jumping Back Into High Risk Loans
General Motors Co. , the automaker 61 percent owned by the U.S. Treasury, is facing criticism over its decision to pay $3.5 billion to buy a lender that specializes in auto loans to shoppers with less than top-notch credit.
With payday loans, poor get the loans, firms get the payday
NATHAN HUNSINGER/DMNPayday lenders say they're taking a risk on those scorned by other financial companies, but critics say the loans trap customers in a downward debt spiral.

Auto Borrowing Associates