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Feds Scrutinize Auto Loans For Racial Discrimination

2013-05-01 05:01:45| Auto Dealers - Topix.net

Claiming racial discrimination in auto lending, the Consumer Financial Protection Bureau is taking aim at one of the sacred cows of auto retailing, where dealerships in effect mark up the customer's interest rate on an auto loan and share the profits with the lender, potentially to the tune of hundreds of dollars per loan.

Tags: auto loans discrimination racial

Category:Automotive

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