10/31/2013

A bipartisan group of 22 senators has written to the Consumer Financial Protection Bureau expressing concern that the agency's rules on auto loans will make it tougher for car dealers to give consumers loan options from banks and credit unions. The CFPB says that third-party lending can be biased against minority car buyers, but the senators say that the agency "has yet to explain its basis" for the claim of "disparate impact."

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