House Democrats who want to crack down on discrimination in auto-lending and insurance are headed for a showdown with Republicans unwilling to override state regulations they say have worked well.
Americans owe $1.2 trillion for auto loans, a category surpassed only by mortgages and student debt, and Democrats cited numerous studies showing that African Americans and Hispanics paid higher interest rates and insurance premiums during a Wednesday hearing of a House Financial Services subcommittee .
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