Posted inPolitics

Prosecutors Scrutinize Minority Borrowersโ€™ Auto Loans

(New York Times) โ€“ Minority borrowers were once starved for credit through redlining โ€” banksโ€™ refusal to provide mortgages in their communities. Now the booming auto industry has turned that historic wrong on its head, government authorities say, singling out minority borrowers and extending them the costliest car loans, a development that threatens to exacerbate the economic […]

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