I join many of my colleagues, civil rights groups, and consumer rights groups in feeling disappointed by today’s Senate vote that rolls back a critical protection that helps prevent auto lending discrimination.
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@CFPB issued guidance that warned auto dealers that certain lending practices—particularly the practice of “dealer markup”—can give cover to discrimination & force ppl of color to pay more for a car than white consumers, which is prohibited under the Equal Credit Opportunity ActShow this thread -
Today’s vote could discourage the
@CFPB from taking action to#ProtectConsumers—and could set a precedent for repealing other key guidance. I’m speaking out because now is not the time to roll back protections against discrimination. I hope you’ll join me in speaking out.Show this thread
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