Crackdown on Racial Bias Could Boost Drivers’ Costs for Auto Loans – Wall Street Journal

Posted: Tuesday, September 01, 2015

A federal regulator’s campaign to fight bias against minorities is changing the way many car loans are priced, a move that is increasing costs for some consumers.

The Consumer Financial Protection Bureau has reached more than $200 million in antidiscrimination agreements since 2013 with several large car-financing companies, including Ally Financial Inc. and American Honda Finance Corp., over allegations that dealers charged higher…

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