Charging higher interest for people with higher risk financial and/or employment profiles will play out as race discrimination. So now we are going to set up another “bubble,” this time in auto purchases? or is the government determined to bankrupt the auto lenders? Auto loan derivatives- trillions and trillions of dollars worth of auto loan derivatives. Are personal loans and hock shops next?
not giving a loan to someone who can’t pay it back=redlining
giving a loan to someone who can’t pay it back=predatory lending