Ally paying $98M to resolve US auto-loan claims

Published December 21, 2013 12:41am ET



WASHINGTON (AP) — Ally Financial Inc. is paying $98 million to resolve U.S. government claims that minority borrowers were charged higher rates on its auto loans than whites with similar credit histories.

The agreement announced Friday by the Justice Department and the Consumer Financial Protection Bureau is the government’s biggest auto-loan discrimination settlement to date.

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