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]