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American Honda Finance Corporation, WFS Financial, Inc.; and Toyota Motor Credit Corporation

Class action complaints have been filed alleging discriminatory practices against American Honda Finance Corporation, the lender for the Honda Motor Company; WFS Financial, Inc., one America's largest independent auto loan lenders; and Toyota Motor Credit Corporation, the lender for Toyota Motor Company. The suits allege that these companies discriminated against African American and Latino customers by charging them a higher rate of interest on auto loans than what was charged to white customers who had comparable credit ratings.

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Reader Comments

Posted by

on
I have a 2005 Toyota that was finance through Toyota Motor Credit.

Posted by

on
I'm an African American women that has engaged in an auto installment loan 2012 with a high interest rate on a 620-640 credit score. Car purchased is a 2012 Honda Accord paying 599.40 per month with a 6 year plan. I was told after trading in my 2010 Honda Civic due to the battery failing, I would only be able to invest in a new car in order to receive the car loan from Honda Financial Service and unfortunately need to depend on owning a car.

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