House Democrats seeking crackdown on auto insurance face GOP pushback

Published May 2, 2019 3:11pm ET



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 .

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.