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Transparent and Consistent Pricing of Motor Vehicle Add-Ons Act

December 3, 2018

Pricing for add-on products sold by car dealers, such as service contracts, GAP (Guaranteed Asset Protection), and window etching, is not transparent o consistent. Consumers, and even most regulators, lack information about what car buyers are charged for these products and what a reasonable price might be. Dealers decide what to charge each consumer and…

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Driving Out of Poverty in Private Automobiles

January 30, 2002

When America set out to replace welfare with work, it was generally recognized that the transportation needs of new workers would have to be met in order for this reform policy to succeed. Four years after the full implementation of welfare reform, the lack of an adequate transportation solution has emerged as one of the…

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Imperfect Competition in Auto Lending: Subjective Markup, RacialDisparity, and Class Action Litigation

December 1, 2006

While the market for auto lending at first appears to be highly competitive, manyconsumers lack the ability to obtain accurate information about price. In many markets,uninformed consumers can “free ride” off the knowledge of informed consumers. However, the market for auto lending differs from traditional markets because priceultimately depends upon both the credit worthiness of…

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AG Healey Sues Haverhill Car Dealership for Pricing Discrimination

September 19, 2022

Complaint Alleges Jaffarian Volvo Toyota Charged Black and Hispanic Customers Higher Prices and Markups for Add-On Products and Services Than Similarly Situated White Customers BOSTON — Attorney General Maura Healey announced today that her office is suing a Haverhill car dealership for engaging in unfair, deceptive, and discriminatory pricing practices against Black and Hispanic customers by illegally…

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2025 Consumer Protection Federal Priorities

October 21, 2024

NCLC will pursue common-sense regulatory and legislative reforms to ensure fairness, fight fraud, and protect consumers in 2025.

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Consumer Group Comments Urging CFPB to Continue and Expand its Auto Data Collection Project

March 25, 2024

Consumer groups applaud the Consumer Financial Protection Bureau (CFPB) effort to improve the collection and dissemination of auto finance data as part of its efforts to monitor the auto finance market for risks to consumers.

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CFPB to Hold Auto Lenders Accountable for Discrimination in Auto Lending

March 6, 2013

Yesterday the Consumer Financial Protection Bureau (CFPB) announced it would hold banks and other lenders liable for any auto loans in their portfolio that are discriminatory. Consumer advocates were encouraged by the announcement and hope it is the first step toward eliminating unfair interest-rate markups by auto dealers. Dealers should not be allowed to sell…

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U.S. Senate Votes to Roll Back Consumer Bureau Effort to Thwart Auto Lending Discrimination

April 18, 2018

FOR IMMEDIATE RELEASE: APRIL 18, 2018 Boston – The U.S. Senate today voted to repeal guidance issued in 2013 by the Consumer Financial Protection Bureau to help auto finance companies avoid racial and ethnic discrimination by holding them accountable to fair lending laws. “It’s outrageous that the Senate voted to claw back this five-year old…

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Los Angeles Times: Why all Latino wealth is not equal

July 19, 2023

Originally appearing in Los Angeles Times/ De Los on July 19, 2023, Alejandra Molina looks at a new Brookings Metro report that examines the underlying causes of the wealth gap between Latino and white families and cites John Van Alst‘s report: Time to Stop Racing Cars: The Role of Race and Ethnicity in Buying and Using…

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Consumer Groups Comments to the CFPB Regarding the Need for Additional Auto Finance Data

December 19, 2022

In comments submitted by the Americans for Financial Reform Education Fund, Consumer Action, Consumer Federation of America, Consumers for Auto Reliability and Safety, Center for Responsible Lending, National Association of Consumer Advocates, National Consumer Law Center, on behalf of our low-income clients, UnidosUS and U.S. PIRG, we applaud the Consumer Financial Protection Bureau (“CFPB” or…

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Coalition Comments to CFPB Regarding Collection of Data from the Auto Finance Market

December 19, 2022

Auto credit and cars in general have an enormous impact on the majority of households, and auto credit is the third largest consumer credit market in the United States. Yet publicly available data is minimal and often excludes important portions of the marketplace and important details of the transactions—details that impact performance of the credit…

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Auto Add-ons Add Up: Charts & Graphics

October 1, 2017

Supplementary materials for the Auto Add-Ons Add Up report.

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