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News
February 3, 2016

In the News Today – February 3, 2016

  • Feds Extract $21.9M Settlement from Toyota Finance Unit: The Consumer Financial Protection Bureau (CFPB) and U.S. Justice Department extracted a $21.9 million settlement from Toyota Motor Corp.’s financing unit over discrimination allegations. This is the fourth such settlement federal regulators have extracted from auto lenders in the past two years. Toyota denied any wrongdoing. The CFPB recently came under fire from companies and lawmakers for its methodology in determining racial bias in a separate case involving Ally Financial, Inc. (Wall Street Journal)

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