Ford’s Lending Techniques Challenged in a Lawsuit

Ford’s Lending Techniques Challenged in a Lawsuit

Ford engine Credit, the unit of Ford Motor Company that produces car and truck loans, has been taken fully to court in a class-action suit contending that the business’s financing techniques enable dealers to discriminate against minorities.

A federal judge in Nashville will begin hearing a case on Tuesday that accuses Ford dealers of discriminating against minorities by tacking on additional percentage points that raise the overall interest rate on their loans in the first trial over discriminatory practices in auto lending. Read More