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.

(Read More…)

Recent Comments

  • FreedMike: The whole mask debate is the dumbest debate in the history of dumb debates. Do masks prevent COVID 100% of...
  • Lou_BC: In Canada some provinces are offering cash prizes to get people vaccinated. There was a study done in Alberta...
  • sirwired: “Then your “vaccination” was not a vaccination because the whole point of actual vaccination is to...
  • ajla: “Nor do I think it’s a violation of free speech or the First Amendment *for the government to work with...
  • Imagefont: There are two different kinds of people in the world: The “I’ve got mine, you get yours” kind, And the...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber