| While FTC
Gets $371 For Discrimination Victims of
Bronx Honda Lenders Not Named
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Nov 10 – Bronx Honda of East
Tremont Avenue targeted
Bronxites of color for higher
prices; victims now get $371
each from the FTC. But when
Inner City Press checks it
out, Bronx Honda doesn't only
use Honda Finance - it says it
has "strong relationships" to
find customers the best loans.
So who are the other lenders?
And are they being charged? We
aim to have more on this.
Here's from the FTC, November
10:
"The Federal
Trade Commission is sending
refunds totaling nearly $1.5
million to individuals who
were affected by allegedly
unlawful financing and sales
practices by Bronx Honda.
According to the FTC, Bronx
Honda and its general manager
told sales employees to charge
higher financing markups and
fees to African-American and
Hispanic customers. The
defendants told employees that
these groups should be
targeted due to their limited
education, and not to attempt
the same practices with
non-Hispanic white consumers.
The FTC further alleged that
Bronx Honda failed to honor
advertised sale prices,
changed the sales price on
paperwork in the middle of the
sale without telling the
consumer, double-charged
consumers for taxes and fees,
and misrepresented to
consumers that they were
required to pay extra
reconditioning and warranty
fees to purchase “certified”
vehicles. The FTC is providing
refunds, averaging about $371
each, to 3,977 victims of
Bronx Honda’s practices.
***
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