Commitment to Fair Lending Practices

U.S. Settles Lawsuit Accusing Honda of Car Loan Discrimination

By Pete Williams | NBC News

Honda’s lending arm today agreed to limit the amount by which its dealers can mark up interest rates on car loans, as part of an agreement to settle a discrimination lawsuit.

The Justice Department and the Consumer Financial Protection Bureau claimed that car loans issued by American Honda Finance Corporation required higher payments from minority buyers.

Read the full post at the source: http://www.nbcnews.com/news/us-news/u-s-settles-lawsuit-accusing-honda-car-loan-discrimination-n391981