Thirteen members of the House Financial Services Committee wrote to Richard Cordray, director of the Consumer Financial Protection Bureau, asking for details in the agency's investigation into discriminatory auto lending.
After the CFPB issued warnings in March to lenders, House Democrats are looking for more information on the bureau's pursuit of enforcement actions against auto lenders that systemically offer higher dealer markups to minorities.
"Consumers must be able to shop for credit without fear of discriminatory practices, and the consistent enforcement of anti-discrimination statutes is an essential part of assuring that consumers have access to affordable credit," the lawmakers wrote in the May 28 letter.
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