LOS ANGELES — Federal prosecutors have announced a settlement with a Los Angeles-based bank that was sued along with two auto dealerships for allegedly charging non-Asian customers higher interest rates on car loans.

Under the agreement, Nara Bank will pay up to $410,000 to customers who were overcharged, according to a Department of Justice news release.

Read the original article at Palmbeachpost

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Tags: Car, deal, finance, Interest Rates, loans, pay

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