Race Discrimination Affects Consumers and Businesses

By | February 24, 2016

Toyota Motor Credit Corporation agreed to pay nearly $22 million to numerous minority Toyota customers. The company had been under investigation for adding more interest to auto loans for black and Asian car buyers; racial discrimination is a serious problem for customers. It was found individual dealerships were in fact marking up interest rates for minorities; this discriminatory system cost minority customers $100 to $200 more in interest rates that a white borrower with similar credit. Individuals, such as customers, workers, students or patients, face discrimination in a variety of settings and may choose to seek help from a lawyer. When an employee suffers discrimination and/or harassment from their employer, contacting a law firm to speak with an attorney about their case can help them better understand their rights. The article below is an important reminder that consumer discrimination and employment discrimination based on race, color, religion, sex, national origin or disability are illegal.

Link: http://www.theatlantic.com/business/archive/2016/02/toyota-car-loans-restitution/459678/

Source: By J. Weston Phippen; From The Atlantic