Minority Borrowers Who Paid Higher Rates for Auto Loans Will Receive Up to $21.9 Million
WASHINGTON, D.C. –(ENEWSPF)–February 2, 2016. Today the Consumer Financial Protection Bureau (CFPB) and Department of Justice (DOJ) resolved an action with Toyota Motor Credit Corporation, under which Toyota Motor Credit will change its pricing and compensation system to substantially reduce dealer discretion and accompanying financial incentives to mark up interest rates. As part of today’s order, Toyota Motor Credit is…
