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CFPB Brings First ECOA Disparate Impact Action Post-Inclusive Communities

2015-07-17 03:02:19| Auto Dealers - Topix.net

Just over 18 months after bringing a disparate impact-based ECOA case against Ally Financial for discriminatory auto loan pricing, the CFPB has struck again - this time taking action against American Honda Finance Corporation . Like Ally, Honda stands accused of discriminatory auto loan pricing stemming from the company's discretionary pricing and dealer compensation practices, i.e., allowing auto dealers to mark up its risk-based interest rate.

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Category:Automotive

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