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Old 05-11-2018, 09:41 AM   #1
icecube
In the Sin Bin
 
Join Date: Dec 2006
Location: compton
Exp:
Default the ongoing anti- racism, anti- oppression thread

I think this sort of stuff finally deserves its own dedicated thread because you could easily add a new story on a daily basis.

Congress eases rules against racial discrimination in the auto loan market

https://www.cnbc.com/2018/05/09/cong...an-market.html

Quote:
The color of your skin can make buying a car more expensive, decades of experiments and data show.
As a result, the Consumer Financial Protection Bureau put out a notice in 2013 reaffirming that discriminatory auto lending is illegal.
The House voted Tuesday to undo that guidance, weeks after the Senate took the same action. The measure now moves to President Donald Trump, who is expected to sign it into law.
Quote:
Just this year, the National Fair Housing Alliance, a collection of organizations that fight against housing and other types of lending discrimination, launched an investigation into the auto loan industry by sending white and nonwhite "testers" into car dealerships in Virginia.
More than 60 percent of the time, the nonwhite individuals who were more qualified than their white counterparts were given more costly options. As a result, people of color who faced discrimination would pay an average of $2,662 more over the length of the loan.
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