Republicans Making Car Loans Racist Again
April 19, 2018
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8:02Now PlayingRepublicans Making Car Loans Racist Again
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as posted by the channelBanks love ripping off black people, and Republicans love letting them. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss.
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“The Senate on Wednesday voted to get rid of a consumer protection measure meant to stop car dealers from charging more for car loans based on race. And the vote is just the start of lawmakers’ attempts to target years of federal agencies’ decisions through the Congressional Review Act, the GOP’s new favorite deregulatory toy.
Senators voted 51-47 in favor of a resolution introduced by Sen. Jerry Moran (R-KS) that would undo the Consumer Financial Protection Bureau’s auto lending guidance meant to cut down on discrimination. The guidance targets “dealer markups,” where car dealers charge additional interest on top of what third-party lenders charge.
The vote was largely along party lines, except for Democratic Sen. Joe Manchin of West Virginia, who voted yes. The House has yet to take up the measure.”*
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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