Michael Corkery

Journalist (NATIONAL)
Reporter at The New York Times covering banking and finance. Formerly with WSJ.
Tags: Consumer Protection

Links: Link to Twitter bio | NYT posts | (Current as of: October 13, 2014)


CONTENT BY THIS PERSON

News Story

The Car Was Repossessed, but the Debt Remains

Jessica Silver-Greenberg, Michael Corkery
New York Times (NYT)
June 18, 2017
Many of these auto loans, it turns out, have a habit of haunting people long after their cars have been repossessed.

News Story

Sale of Federal Mortgages to Investors Puts Greater Burden on Blacks, Suit Says

Jessica Silver-Greenberg, Michael Corkery
New York Times (NYT)
August 14, 2016
The suit says, the government is fueling racial disparities not through its lending policies but in how it handles foreclosures.

News Story

Pitfalls for the Unwary Borrower Out on the Frontiers of Banking

Michael Corkery
New York Times (NYT)
September 13, 2015
Some of the upstart companies in online borrowing are exhibiting their own troubling traits, according to interviews with borrowers, legal aid lawyers and consumer advocates.

Investigative

Investment Riches Built on Subprime Auto Loans to Poor

Jessica Silver-Greenberg, Michael Corkery
New York Times (NYT)
January 27, 2015
Regulators and analysts caution that booming investment in subprime auto loans may enable excessive risk taking that could affect the financial sector. ____ A review by The New York Times of dozens of court records, and interviews with two dozen borrowers, credit analysts, legal aid lawyers and investors, show that some of the companies, which package and sell the loans, are increasingly enabling people at the extreme financial margins to obtain loans to buy cars.

News Story , Video

Rise in Loans Linked to Cars Is Hurting Poor

Jessica Silver-Greenberg, Michael Corkery
New York Times (NYT)
December 25, 2014
With a crackdown on payday lenders, subprime borrowers are increasingly using auto title loans, whose high interest rates can lead to repossession and financial ruin.

News Story , Video

Miss a Payment? Good Luck Moving That Car

Michael Corkery, Jessica Silver-Greenberg
New York Times (NYT)
September 24, 2014
Consumer lawyers say the devices amount to “electronic repossession” of cars, and should be governed by state laws. Part of NYT's "Driven Into Debt" series on subprime auto loans. Article and 5-minute video.



This page last modified: Wed, April 22, 2015 -- 5:19 am ET