The Consumer Financial Protection Bureau should have direct oversight of auto dealers instead of being forced to go through indirect auto dealers to make changes to the market, Sen. Elizabeth Warren, D-Mass., suggested Wednesday.

"Right now the car loan market looks increasingly like the pre-crisis housing market, lots of predatory lending, discriminatory practices, increasing repossessions," Warren said during an event sponsored by the financial reform advocacy group Better Markets. "While CFPB has oversight over mortgages and credit cards and checking accounts, it doesn't have complete oversight of the car loan market."

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