Filed under: Earnings/Financials,Etc.,Government/Legal,Car Buying,Car Dealers,Used Car Buying
The U.S. Senate on Wednesday invalidated Obama-era guidance aimed at preventing auto lenders from charging borrowers higher rates based on factors such as race or national origin. The Senate voted 51 to 47 to disapprove the guidance, which was issued in 2013 by the Consumer Financial Protection Bureau and regarded by critics as an overstep of the agency's powers.
Continue reading Senate kills rule against discriminatory auto lending practices
Senate kills rule against discriminatory auto lending practices originally appeared on Autoblog on Wed, 18 Apr 2018 15:25:00 EDT. Please see our terms for use of feeds.
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