Justice Department and Consumer Financial Protection Bureau Reach $98 Million Settlementto Resolve Allegations of Auto Lending Discrimination by Ally
Justice Department and Consumer Financial Protection Bureau Reach $98 Million Settlementto Resolve Allegations of Auto Lending Discrimination by Ally
The Department of Justice and the Consumer Financial Protection Bureau (CFPB) today announced the federal government’s largest auto loan discrimination settlement in history to resolve allegations that Detroit-based Ally Financial Inc. and Ally Bank have engaged in an ongoing nationwide pattern or practice of discrimination against African-American, Hispanic and Asian/Pacific Islander borrowers in their auto lending since April 1, 2011.