Community

With “Add-ons,” Blacks Often Pay Higher Fees for Car Purchases than Whites

SPEAKING OUT WEEKLY NEWS — “…NCLC cites previous research by the Center for Responsible Lending (CRL) that determined car buyers who financed vehicles at the dealership in 2009 paid $25.8 billion in interest rate mark-ups. That same study also found that more than half of Black car purchasers (54 percent) were also charged loan kickbacks, compared to only 31 percent of Whites.” […read more]

– The Rainbow PUSH/CEF Automotive Project, an initiative of the Citizenship Education Fund, convenes for its 19th Annual Rainbow PUSH Global Automotive Summit, November 1-2, 2018 at the Motor City Casino Hotel and Conference Center in Detroit, Michigan.
National

PRESS ROOM: 19th Annual Rainbow PUSH Global Automotive Summit

NNPA NEWSWIRE — “Our presence in the automotive industry is vitally necessary for the advancement of minority suppliers, dealers and other professional vendors,” Rev. Jesse Jackson Sr. said, president and founder of Rainbow PUSH. “We plan to work with automakers to develop concrete goals and timetables, as we collectively define the critical path for ethnic minority growth. With the integration of technology in the automotive industry and advancement of mobility, minority suppliers and automakers must adjust their game plans accordingly.” […read more]