President slams auto dealers
May 12, 2010 | federal legislation, industry | Comments (0)Doesn’t want them carved out. From the story:
President Barack Obama is urging the Senate to defeat an amendment to the Wall Street bill backed by auto dealers.
Obama issued a statement Wednesday that said the Senate should vote against the proposed auto dealer and lender carve-out in the reform package.
The proposal would allow lenders to “inflate rates, insert hidden fees into the fine print of paperwork and include expensive add-ons that catch purchasers by surprise.”
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