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Wednesday 15 July 2015

Honda's U.S. auto finance arm to pay $24 million over loan pricing problems | Reuters

Honda's U.S. auto finance arm to pay $24 million over loan pricing problems | Reuters: "A U.S. auto finance arm of Honda Motor Co (7267.T) will pay $24 million in restitution over allegations that its loan pricing practices caused minority customers to pay higher interest rates than white borrowers did, U.S. regulators said on Tuesday."



This has been a controversial matter for some time, and the size of the penalty surely indicates that the authorities consider this behaviour unacceptable.



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