They look at the credit profiles and ally agreed.
The one claim that was the national car dealers association.
The dealers were the one raising the interest rates that were being offered. But the CPFB was not allowed to go after individual dealers.
This obviously isnât a subject youâre informed about soâŚIâll call it a day.
lol there it isâŚYou are about to get schooled and walked away
You have to understand Trumpists.
Americans gouging Americans is okay so long as it does not result in people in other nations getting jobs or it is being done by union workers.
There is merit to this claim but again, the CFPB couldnât explain their calculation. There was no formula. Unfortunately, there are many unscrupulous dealers. The other factor is that people patronize a store from a geographical radius. The old saying that birds of a feather, flock together is often true when observing neighborhoods. One dealer may be operating in a neighborhood that has poorer credit than another but that wasnât a criteria that the CFPB considered in their assessment either.
All they had to do was look at the credit profiles for whites and none whites.
The CFPB and DOJâs coordinated investigation concluded that Ally violated the ECOA by charging African-American, Hispanic, and Asian and Pacific Islander borrowers higher dealer markups for their auto loans than similarly-situated non-Hispanic white borrowers.
The CPFB did good things and its âransacking of financial institutionsâ should be replaced with âmaking financial shape up and respect the consumerâ.
By good things are you referring to their extorting millions of dollars from banks to be âvoluntarilyâ given to left wing political organizations?
Which groups and how much goes towards them?
You can get started reading about it here
I know the allegations.
What is particularly âleft wingâ about those organizations?
Please, we have actual emails.
So⌠upset that âConservativeâ organizations like the Pacific Legal Foundation, a group that was funded by Philip Morris to throw around op eds about second hand smoke?
Is that the kind of âConservatismâ that should be supported?
No it isnât.
Appropriations are the provence of congress. The CPFB did an illegal end run around it, funneling money, often times to groups and causes that had already been rejected for funding by congress by circumventing the prohibition that government agencies may not direct government money to private groups by offering the banks a 2 for 1 deal if they âvoluntarilyâ sent the money where they wanted it to go.
You can thank Alexander Hamilton.
Iâm trying to get a grasp of this. I read the emails, the money was going to IOLTA who would then distribute the money to organizations that had been rejected?
I was referring there to things like this.
from Editorial: VW settlement expands executive power
An almost $15 billion settlement was partially approved a few weeks ago by a federal court over Volkswagen AGâs emissions-cheating scandal, which involved the company installing defeat devices in more than 500,000 vehicles.
But the terms extend beyond the scope of Volkswagen and the federal agencies involved in the case, and appear to be unconstitutional.
The Obama administration has essentially found a workaround for extracting $1.2 billion from the automaker to go toward a zero-emissions vehicle technology slush fund (officially called the National ZEV Investment Plan), to be managed by the EPA. Congress has repeatedly voted to reject the fund.
The Obama Justice Department approved the settlement despite its sidestepping of Congressâ legislative and appropriations process.
President Barack Obama has twice requested funds from Congress to help get electric vehicles on the road. And both times he was turned down.
If you want to understand why it is constitutionally problematic read this
That road goes both ways and everytime a liberal calls President Trump a nasty name their comments are garbage and worthless. Calling Warren âchiefâ is much nicer then the names the vicious liberal left calls those they donât like especially the current President.
