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

Posted: Monday, August 31, 2015

A federal regulator’s campaign to fight bias against minorities is changing the way many car loans are priced. Those efforts could mean some consumers will pay more.

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…

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