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发帖数: 2720 | 1 http://www.marketwatch.com/story/honda-agrees-to-repay-24-milli
Honda Motor Co.’s auto finance unit will pay out $24 million in
compensation to minority borrowers after the federal government said the car
maker charged African-American, Hispanic and Asian borrowers higher
interest rates on car loans than it did for whites — even if their credit
was good.
The Consumer Financial Protection Bureau said Honda’s HMC, +1.32% past
practices resulted in thousands of African-American, Hispanic, and Asian and
Pacific Islander borrowers paying higher interest rates than white
borrowers for their auto loans, without regard to their creditworthiness.
Honda’s pricing and compensation structure meant thousands of minority
borrowers from January 2011 through July of this year paid, on average, from
$150 to over $250 more for their auto loans, the CFPB alleged.
Honda, the fourth-biggest car company-owned auto lender in the U.S., will
change its pricing and compensation system to substantially reduce dealer
discretion and minimize the risks of discrimination, and will pay millions
in restitution to affected borrowers, the CFPB said in a statement. |
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