"Honda pays $24m to settle race discrimination claim", 14 Jul 2015

Honda has agreed to pay $24m (£15m) to settle US claims that it discriminated against some customers based on race. An investigation by US regulators found that the Japanese company charged African American and Hispanic owners higher interest rates on car loans. Regulators found that they paid on average $250 more than white customers regardless of their creditworthiness. Honda said in a statement that it "strongly opposes any form of discrimination". The US Consumer Financial Protection Bureau and Department of Justice said that American Honda Finance Corp, the company's loans arm, would change its pricing and compensation system to reduce the potential for discrimination…