Takin’ aim

This morning, I stumbled on an article on the Bloomburg website about the Consumer Financial Protection Bureau (CFPB) sanctioning certain banks for vehicle loans and loan interest rate increases by the auto dealer that appear discriminatory.

Dealers often provide financing by giving buyers loans backed by banks and other lenders, a process known as indirect lending…buyers receive a loan that is costlier than the one the bank gave the dealer.

One particular part of the article jumped out at me: