Trump makes it easier for auto dealers to gouge minorities

[RandySF]

President Trump has repealed auto-lending guidance from the Consumer Financial Protection Bureau (CFPB), revoking a rule that was put in place to protect minority customers from predatory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

[JustAnotherGen]

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]

2. K&R. Predators on the loose...

[Yo_Mama_Been_Loggin]

3. Free enterprise in his mind