Analysis Says Hispanics Pay More for Used-Car Loans

The Consumer Federation of America and its Hispanic America Saves initiative released an analysis on interest rates for car loans, comparing rates received by Hispanic borrowers to rates received by borrowers from the general U.S population.

The analysis shows a significant disparity between used-car loans extended to the different groups, with Hispanics paying more, according to the federation.

In addition, the federation, CFA, Hispanic America Saves and organizational partners outlined their coordinated work to educate, advise and assist members of the Hispanic community on auto-finance issues.