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...hindrance. Slightly more than 36% of the car loans made by banks and finance companies in the fourth quarter of 2009 were to subprime borrowers, according to Experian Automotive, up from 34% in the third quarter. Still, borrowers have to pay more to get those loans. The interest rate on loans to finance purchases of used cars for buyers with credit scores of 550 or less climbed to nearly 18% at the end of last year. That's nearly 2 percentage points higher than those same customers were being charged a year...

Author: /time Magazine | Title: The Subprime-Lending Business Survives, Even Thrives | 3/11/2010 | See Source »

...hasn't panned out. One reason is those big banks that left the playing field. As more and more banks tightened their credit standards in 2008 and '09, the smaller lenders to people with poor credit have been able to not only pick up that business but also raise interest rates, since borrowers have fewer options. Shares of many of the companies, including Cash America, Dollar Financial, First Cash Financial and World Acceptance, have risen sharply this year. World, one of the biggest, has seen its stock price rise to a recent $41 from $15 a year ago. World makes...

Author: /time Magazine | Title: The Subprime-Lending Business Survives, Even Thrives | 3/11/2010 | See Source »

...With your interest in research and your successful writing career, what made you decide to live with undergrads at Harvard...

Author: By SOFIE C. BROOKS, CRIMSON STAFF WRITER | Title: 15 Questions with Richard W. Wrangham | 3/11/2010 | See Source »

...response to burgeoning student interest over the past few years, the School of Engineering and Applied Sciences will create a new biomedical engineering concentration, marking the start of the school’s ambitions to expand existing tracks into independent concentrations...

Author: By Gautam S. Kumar and Evan T. R. Rosenman, CRIMSON STAFF WRITERS | Title: SEAS Creates New Concentration | 3/10/2010 | See Source »

Marshall—the justice who wrote the decision that made same-sex marriage legal in Massachusetts in 2003—said that growing up under apartheid sparked her interest...

Author: By Zoe A.Y. Weinberg, CRIMSON STAFF WRITER | Title: Mass. Chief Justice Recalls Childhood | 3/10/2010 | See Source »

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