A Racial Penalty Imposed for at least 2 years for African and Asian Americans Buying Toyota Cars

by | Oct 4, 2016 | Blog | 0 comments

Loans distributing starting in 2011 have been to be granted under unsavory business practices. Toyota will be paying over 100,000 Black and Asian car buyers $21.9 million for over charging them on interest. The investigation was sparked by U.S. Department of Justice and the Consumer Financial Protection Bureau in 2013.

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During the investigation it was found that Blacks paid 0.

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27 and Asians paid 0.18 percent more in interest than whites.

From predatorial lending to discriminatory lending, people of color just can’t seem to catch a break. We often talk about how everyone is given the same opportunities in this country but every day we hear stories that are easily overlooked proving the exact opposite.

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It’s unfortunate to hear these stories but worst part is the penalty for discrimination is a mere slap on the hand. They don’t mind writing a check and giving these people the money back that they stole from them because they’ve already invested the funds in the global economy and made a fortune from it. When a black who stole a backpack spent 3 years in solitary confinement until he took his own life and a black that stole millions from customers, made millions from the millions they stole, simply have to return to sender.

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