Ford’s Lending Techniques Challenged in a Lawsuit. DETROIT – Ford engine Credit, the unit of Ford Motor business which makes car and truck loans, will be taken up to court in a class-action suit contending that the business’s financing methods allow dealers to discriminate against minorities.
In the 1st test over discriminatory methods in car lending, a federal judge in Nashville will start hearing an instance on Tuesday that accuses Ford dealers of discriminating against minorities by tacking on extra portion points that improve the general interest rate on the loans. Continue reading