New Analysis Shows Hispanics Pay More for Used Car Loans

Washington, DC., Sept 19, 2008 - The Consumer Federation of America and its Hispanic America Saves initiative will release a new analysis on interest rates for car loans, comparing rates received by Hispanic borrowers to rates received by borrowers from the general population. The analysis will show a significant disparity between used car loans extended to the different groups.

In addition, CFA and Hispanic America Saves will be joined by organizational partners and will outline their coordinated work to educate, advise and assist members of the Hispanic community on auto finance issues.

EVENT: News teleconference to release a new analysis comparing car loans rates received by Hispanics to rates received by the general public

  WHEN:  Monday, Sept. 22nd, 12:00 noon EASTERN TIME

  CALL IN #: 1-888-262-0101 and ask for the CFA conference line

SPEAKERS: Stephen Brobeck, Executive Director, Consumer Federation of America

Angelo Gonzalez, Economic Independence Project Director, Cuban American National Council

Patty Briotta, Public Relations Manager, National Association of Federal Credit Unions