N.C. Dealerships Reach $225K Settlement in Predatory Loan Case

Posted by carguy - February 18, 2015 - Industry News - No Comments

N.C. Dealerships Reach $225K Settlement in Predatory Loan Case

Two used-car dealerships and their owner reached a settlement this month with the Department of Justice and the state attorney general. The settlement resolves a lawsuit that alleged the dealerships charged African American buyers more for loans and repossessed vehicles without reasonable notice.

 

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