Search
 

CRL Cites Disparities

Center for Responsible Lending finds Hispanic and black car buyers receive higher interest rates on loans financed through dealerships.

By Michelle A. Samaad | Updated on February 09, 2014

Hispanic and African-American car buyers still receive higher interest rates on loans financed through dealerships despite their attempts to negotiate pricing just as much if not more than white consumers.

That finding was revealed in a new report, “Non-Negotiable: Negotiation Doesn’t Help African Americans and Latinos on Dealer-Financed Car Loans”, from the Center for Responsible Lending, a Durham, N.C.-based nonprofit research and policy organization. The CRL said it gathered data for the report by conducting a telephone survey of 946 consumers who had purchased a car at a dealership in the prior six years.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Dig Deeper

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.