Aug. 1, 2017
Auto loan company fined for discriminating against female customers
A Los Angeles County judge has ordered a subprime auto loan company to pay $6.2 million in damages for discriminating against women in its credit risk analysis formula. The case was brought by the Department of Fair Employment and Housing.
A Los Angeles County judge has ordered a subprime auto loan company to pay $6.2 million in damages for discriminating against women in its credit risk analysis formula in a case brought by the state’s Department of Fair Employment and Housing.
M & N Financing Corp. was systematically lowering the scores of all female applicants and charging them extra compared to males, the department said. Department of F...
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