Auto Lending Practices Are Discriminatory, Need Reform, Says Consumer Rights Activist
President of Consumers for Auto Reliability and Safety Rosemary Shahan says African Americans and Latinos are more subject to auto lender’s practices of yo-yo financing. Yo-yo financing is a tactic used by auto lenders that forces the consumer to pay a higher interest rate than initially agreed. (0:20)
October 20, 2009
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