(Price) Discrimination on Car Loans

business_ethics_highlights_2Car loans can be relatively complex arrangements, so there’s lots of room for dealers to engage in bad-faith manipulation of consumers. In the case discussed here, car dealers are accused of doing so in a way that specifically targeted borrowers from minority communities. >>>

Prosecutors Scrutinize Minority Borrowers’ Auto Loans

Minority borrowers were once starved for credit through redlining — banks’ refusal to provide mortgages in their communities.

Now the booming auto industry has turned that historic wrong on its head, government authorities say, singling out minority borrowers and extending them the costliest car loans….

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