Rebecca Borne, senior policy counsel at the Center for Responsible Lending, a nonprofit devoted to promoting fair lending practices, said repealing the consumer provisions will send “a really damaging message” to auto lenders that the federal government is not serious about enforcing anti-discrimination laws.
"For decades now, study after study has shown that discrimination in the auto-lending market is a real problem," she said. Borne noted that after the consumer bureau issued the 2013 guidance, the agency reached settlements with four auto lenders, recouping more than $100 million in fines in racial bias cases.