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RandySF

(57,636 posts)
Mon May 21, 2018, 03:21 PM May 2018

Trump 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President Trump has repealed auto-lending guidance from the Consumer Financial Protection Bureau (CFPB), revoking a rule that was put in place to protect minority customers from predatory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
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Trump makes it easier for auto dealers to gouge minorities (Original Post) RandySF May 2018 OP
Simply no more auto loans JustAnotherGen May 2018 #1
K&R. Predators on the loose... appalachiablue May 2018 #2
Free enterprise in his mind Yo_Mama_Been_Loggin May 2018 #3

JustAnotherGen

(31,681 posts)
1. Simply no more auto loans
Mon May 21, 2018, 03:34 PM
May 2018

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.

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