After final 12 months’s GOP-led repeal of regulatory steerage on auto lending discrimination, Rep. Maxine Waters and House Democrats put the highlight again on abusive and predatory auto loans.
Minority debtors pay extra due to pricing constructions that give discretion to automotive sellers.
Kristen Clarke, President and Executive Director of the Lawyers’ Committee for Civil Rights Under Law testified throughout Wednesday’s listening to and defined that discriminatory lending practices in addition to the “lack of access to equitable financial services contribute to and exacerbate this racial wealth gap.”
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