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Richard Cordray, director of the Consumer Financial Protection Bureau.

CFPB Targets Discrimination in Auto Loan Battle

by Jeff Horwitz and Kevin Wack
MAY 15, 2013 6:43pm ET
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Consumer advocates believe the bounties banks pay to car dealers for steering customers to high-interest loans are abusive. But with a ban likely to spark a political backlash, the Consumer Financial Protection Bureau is instead seeking to prove the markups are discriminatory.

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