By on January 27, 2016

 

That happy couple at the car dealership, back by popular demand...

That happy couple at the car dealership, back by popular demand.

Since we last reported on the Consumer Financial Protection Bureau (CFPB) and its controversial crusade to uncover racial discrimination by car dealers on interest rate markup on automobile loans, the agency has ordered over $100 million in fines and settlements against banks that some have deemed extortion. This has infuriated lenders and car dealers, and has frustrated lawmakers on both sides of the aisle.

The tale continued last week as the House Committee on Financial Services revealed that their work on this case now includes trying to get the CFPB and Department of Justice to agree on that age-old problem on how to get white car buyers to admit that they are actually white.

Let us review this investigation, which recently prompted the House committee to publish a report about the CFPB probe, titled “Unsafe at Any Bureaucracy: CFPB Junk Science and Indirect Auto Lending.

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Recent Comments

  • FreedMike: Or a C8 Corvette, if you can actually put your hands on one.
  • Ryoku75: +1 Gimme the days of Demuros stupid clickbait again, at least it was still about cars. And no I have no...
  • FreedMike: I think they were trying to re-establish the brand’s performance cred. For the record, I salute the...
  • Ryoku75: @APaGttH If theres one comment worth reading in this list, its this one, and maybe the random WWII argument.
  • FreedMike: “And the liberal media refuses to broach this topic.” Wrong. It took me about six seconds to...

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