Since 1991, academic studies have demonstrated that when auto dealers have the discretion to mark up the interest rate on auto loans, non-white borrowers are disproportionately harmed.
Maxine Waters: “Since 1991, academic studies have demonstrated that when auto dealers have the discretion to mark up the interest rate…”
Editor's note · Context
Waters highlights racial disparities in auto loan interest rates affecting non-white borrowers.
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