Honda has a few pockets to fill after reports of discrimination has been reported about the company. According to CNN Money, Honda has been accused of discriminating against Blacks, Hispanics, and Asian customers and overcharging them. The federal government began doing an investigation on the company in 2013 for violating lending laws.
The American Honda Finance Corporation (AHFC) discovered that minorities had to pay $150 to $250 more than Caucasian borrowers when purchasing a car. Honda Finance is also accused of allowing dealerships to hike up the rates on minorities. Honda is not off the hook with the pay outs. Honda announced that they will be adding “dealership markups” later on this year.
Honda released a statement on the pay out and opposed the discrimination claim.
“AHFC strongly opposes any form of discrimination, and we expect our dealers to uphold this principle as well. We firmly believe that our lending practices have been fair and transparent,”
If you purchased a Honda, see if you qualify for the pay out.
– Ballah-moni Kollie (@Gottadream87)
