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.

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