Advocating For Justice In Consumer Disputes
Advocating For Justice In Consumer Disputes
We wrote a couple days ago about interest rate discrimination by car dealers. Auto finance companies permit dealerships to "mark-up" the rates, and that often results in women and minorities paying higher interest rates.The Consumer Financial Protection Bureau and the...
Most car dealers do not want consumers to know that they regularly mark-up the interest rate on auto loans. Many banks and finance companies will approve a credit application at a "buy rate" but permit the dealership to charge a higher "contract rate." The bank will...
Car dealers like to brag about their relationships with multiple banks and finance companies, and they often imply that these connections help consumers get low interest rates. But, many consumers would be surprised to learn that car dealers frequently mark-up the...