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Honda to return US$24m to minority borrowers

Thursday, July 16, 2015 - 05:50

Honda pledged to restructure its car-financing programme as part of the settlement, the company and the Justice Department said.


HONDA'S car-financing arm agreed to return US$24 million to minority borrowers to settle a Justice Department complaint that it overcharged them.

Thousands of minorities paid higher interest rates on Honda car loans than white borrowers, according to a Justice Department

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