You are here

Honda to return US$24m to minority borrowers

Thursday, July 16, 2015 - 05:50

BT_20150716_DNSETTLE16_1777162.jpg
Honda pledged to restructure its car-financing programme as part of the settlement, the company and the Justice Department said.

Washington

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

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom