Wired·4 min read·medium
FTC Strikes Deals to Ignore Unlawful Credit Discrimination
M
Maddy Varner
✦AI Summary
The FTC is facing criticism for settling cases involving alleged credit discrimination by auto dealerships without requiring explicit proof of intent to discriminate. Critics argue this move undermines previous efforts to protect minority borrowers from predatory lending practices.
The Northern District of Illinois, which presided over one case, says it was never given the opportunity to evaluate one of the new agreements, and Arizona attorney general Kris Mayes, whose office was a coplaintiff in another of the affected cases, calls the move “outrageous.”
politicssocial justiceeconomy
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