Commissioner @RKSlaughterFTC issued a must-read statement that shines a light on discriminatory dealer markups in auto lending. She argues that we need to eradicate these practices systematically, rather than through one-off actions. I agree. https://www.ftc.gov/system/files/documents/public_statements/1576006/bronx_honda_2020-5-27_bx_honda_rks_concurrence_for_publication.pdf …
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Discrimination isn't always explicit. In the digital world, algorithms do the dirty work. In my statement, I explain why "disparate impact" analysis is critical and how we can use the FTC Act's ban on unfair practices to tackle digital discrimination. https://www.ftc.gov/system/files/documents/public_statements/1576002/bronx_honda_final_rchopra_bronx_honda_statement.pdf …
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Discrimination is one of many abuses in today's auto market. In 2010, Congress gave the FTC a new rulemaking authority to crack down on bad actors, including ones that target military families, but the agency still hasn't acted. This needs to change. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3438528 …
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Also look at the F&I industry too. Same practices happen when dealers sell VSC, GAP, EWT contracts too
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that is good work good to hear
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THAT not news. .same happens every day/year! But invest the BANKS that OKAY this loans>Colored doesnot prevent "G R E E D!pic.twitter.com/L07PJlxkO7
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