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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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