honda financial services customer service
The Justice Department and the Consumer Financial Protection Bureau today announced a landmark settlement with American Honda Finance Corporation to resolve allegations of discrimination in auto lending. The agreement provides $24 million in compensation to borrowers harmed by Honda’s past discrimination and requires the nation’s ninth largest auto lender to significantly limit how much car dealers can charge consumers for interest rate markups. The company also will change its pricing model to ensure that car dealers are compensated for the creditworthiness of the loan and not the dealer’s sales or other business activities.
Honda violated the Fair Housing Act and the Equal Credit Opportunity Act by charging thousands of African-American, Hispanic, and Asian/Pacific Islander borrowers higher interest rates than non-Hispanic white borrowers for their auto loans between January 2011 and July 14, 2015. According to the complaint, on average, the companies’ discriminatory pricing and markup practices resulted in the victims being obligated to pay $150 to $250 more for their auto loans.
GetHuman is not affiliated with Honda Financial Services and is not responsible for its customer service or any other aspects of the company’s operations. However, we do have a page that lists all of their contact information, including their phone number, address, and email. You can find that page by clicking here. You can also compare Honda Financial Services’s customer service to other companies in our comparison table. Alternatively, you can visit our complete list of all Contact Info for Companies. This article was originally published on GetHuman’s website on May 17, 2013. The information on this page is based on the most up-to-date data we have available at the time of publication. honda financial services customer service