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    Senate Votes To Roll Back Rules Aimed At Fair Auto Lending For Minorities

    The measure, which now heads to the House, would roll back federal policies aimed at protecting minority buyers from discriminatory loan terms. The vote could lead to the rollback of other rules.
    by Charles Lane Apr 18, 2018 2 minutes
    A man walks by a New York City auto dealership in 2017. Studies have found that African-Americans and Hispanics have systematically been charged a higher markup on auto loans than have white borrowers.

    The Senate approved a measure Wednesday that would roll back policies designed to protect minority car buyers from discriminatory loan terms. Republicans passed the bill by a narrow margin, and it now moves on to the House.

    The policy was issued in 2013 by the Consumer Financial Protection Bureau.

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