Trump signs repeal of rule protecting minorities from car-dealer discrimination

[Judi Lynn]

Source: Independent

Rule targeted 'dealer markups' that disproportionately affect minorities
Emily Shugerman New York @eshugerman 4 hours ago

President Donald Trump has signed legislation rolling back auto-lending guidance designed to protect minorities from discrimination by car dealers.

Congress voted last month to overturn guidance from the Consumer Financial Protection Bureau (CFPB) that targeted “dealer markups” – interest rate hikes that auto dealers place on third-party auto loans to make a profit. Mr Trump signed the bill into law on Monday in a private session.

Studies have shown minorities are regularly charged more for dealer markups than white buyers with similar credit. The CFPB warned dealers in 2013 against using these markups, saying they could lead to a lawsuit from the agency. Since then, the bureau has penalised major companies like Honda, Toyota, and Ally Financial for lending discrimination.

But opponents of the rule said it overstepped the bureau’s mandate and stifled business growth. Some Republicans, such as Representative Jeb Hensarling, also questioned the methods of studies showing racial discrimination.

Read more: https://www.independent.co.uk/news/world/americas/us-politics/trump-auto-loan-rule-repeal-racial-discrimination-minorities-dealer-markup-congressional-review-act-a8362596.html

[Va Lefty]

1. What a POS

Little surprises my anymore

[Kath2]

2. He certainly won't do anything for minorities.

Just TO them. Evil asshole.

[rockfordfile]

13. Trump is a racist.

[TeamPooka]

3. He asked black people "what have you got to lose" voting for him. He has answered his own question

again and again and again.

[flibbitygiblets]

8. THIS would make a great mid-term TV commercial

Trump: What have you got to lose?
--Show clip of "very fine people"
--Show clip of "they're animals"
--Show articles about "shithole countries
--about 1,000 other things that have been "lost" by people of color

[47of74]

12. We're a shithole country now.

Not gonna sugar coat it. We're a shithole country with this orange stooge and his groupies in charge.

[riversedge]

4. anything that is good for the people, the land, the air, the animals, has turned bad under Trump.

[RKP5637]

7. He wants a dystopian society. The man is evil through and through. The US has really never

had something like this. I think many are still resting on their butts, still not getting what this ass is all about.

[flibbitygiblets]

5. Disgusting. I would say though, everyone gets a better auto loan rate via a credit union

they are there to support the community, and much more likely to help you build good credit in the first place. Even being white and with good credit, if I needed a car loan I'd go to the credit union over a car dealer every time Takes away the dealer's power on the purchase price as well.

[RKP5637]

6. He's racist to the core. The most evilest piece of shit walking the land. Generations are

going to hate this man's guts. He will go down in history as the biggest piece of crud in the land. There will be absolutely no respect for this individual.

[scarletwoman]

9. The orange asshole is determined to undo anything and everything good & beneficial

to minorities as fast as he can.

Fucking racist piece of shit...

[SergeStorms]

10. And the deplorables....

are ecstatic, wondering how such a wonderful man like Donnie Trump wasn't elected "president" sooner. I'm sure they're convinced he should be "president for life", and will forever be naming their children (all except the 'InCels') after Little Donnie Trump.

The SANE people in the country can't wait to piss on this racist/fascist's grave.

[SFnomad]

11. I hope someone is keeping track of all the pieces of regression that are taking place under tRump

so that we can reverse all of them immediately as soon as the next Democrat is sworn into the White House.

[Crash2Parties]

14. Everyone is blaming him - all he did was not stop it

It's the GOP Congress that wrote it, passed it and sent it on for his illegible signature.

They are the Party of Racists.
They are the Party of Sexists.
They are the Party of Ableists.
They are the Party of Theocrats.
They are the Party of rapists, molesters and perverts - and they don't even try to hide it anymore.
They cheat, they lie, they plunder.

We MUST overwhelmingly vote them out of office despite their efforts to negate our votes.

[Firestorm49]

15. The GOP; Looking out for the common man.