The Consumer Financial Protection Bureau on March 21 warned auto lenders that they might be liable for breaking the law if they engage in a common industry practice that consumer advocates say results in higher interest rates for minority borrowers. The CFPB issued a notice advising lenders on how to comply with fair lending rules, a warning that could be a precursor to enforcement action against those found to discriminate against certain borrowers. Research shows that dealers often attach higher markups to loans made to African-American and Hispanic borrowers, the consumer bureau said. "Consumers should not have to pay more for a car loan simply based on their race," declared CFPB director Richard Cordray. "Today's bulletin clarifies our authority to pursue auto lenders whose policies harm lenders through unlawful discrimination."