Consumer Financial Protection Bureau Goes After Discriminatory Car Loans

March 25, 2013   // 0 Comments

Banks that finance such loans will be penalized. by Joyce Jones, BET The Consumer Financial Protection Bureau announced today that it will sue banks that finance predatory auto dealer loans. The goal is to prevent dealerships, which are exempt from the agency's oversight, from hiking up interest rates offered on loans. The hikes lead to banks getting their rate and sellers pocketing the ...

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