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Cincinnati Bank Settles Claims Of Auto Loan Discrimination

WCBE 90.5FM | By Jim Letizia,
Associated Press
Published September 29, 2015 at 6:34 AM EDT

Federal authorities say Cincinnati-based Fifth Third Bancorp will pay 18 million dollars to settle allegations black and Hispanic borrowers had to pay higher auto loan rates. Prosecutors say the settlement includes compensation for affected borrowers and requires changes and monitoring of the way Fifth Third prices indirect auto loans.
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Jim Letizia
Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.
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