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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump makes it easier for auto dealers to gouge minorities
President Trump has repealed auto-lending guidance from the Consumer Financial Protection Bureau (CFPB), revoking a rule that was put in place to protect minority customers from predatory practices.
Trump's signature on a congressional resolution erases the CFPB's 2013 guidance targeting "dealer markups," the additional interest that is added to a customer's third-party auto loan as compensation for the dealer.
The president signed the resolution in a private White House signing ceremony.
https://www.google.com/amp/thehill.com/policy/finance/388636-trump-signs-repeal-of-auto-loan-policy-targeting-racial-bias%3famp
Trump's signature on a congressional resolution erases the CFPB's 2013 guidance targeting "dealer markups," the additional interest that is added to a customer's third-party auto loan as compensation for the dealer.
The president signed the resolution in a private White House signing ceremony.
https://www.google.com/amp/thehill.com/policy/finance/388636-trump-signs-repeal-of-auto-loan-policy-targeting-racial-bias%3famp
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Trump makes it easier for auto dealers to gouge minorities (Original Post)
RandySF
May 2018
OP
JustAnotherGen
(31,681 posts)1. Simply no more auto loans
Pay cash as much as possible.
Oh - and don't know if this has been updated, but list of black owned auto dealerships.
http://blakbusiness.com/black-owned-auto-dealerships-you-should-know/
Money is green - spend it wisely.
appalachiablue
(41,052 posts)2. K&R. Predators on the loose...
Yo_Mama_Been_Loggin
(107,085 posts)3. Free enterprise in his mind