Financing Fair Driving: Race Discrimination in Retail Car Loans

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In 1991, a ground-breaking study discovered that women and minorities suffer purchase-price discrimination when buying new cars. Extending the theory established by that study, African American plaintiffs recently began using the Equal Credit Opportunity Act to challenge interest-rate markup policies that have created parallel finance-charge discrimination at the back end of automobile sale transactions.

By Stuart T. Rossman From July - August 2002