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Federal Contractor Misconduct Database (FCMD)
The federal government routinely awards contracts to companies with
histories of misconduct, including
…
contract fraud and other
violations. POGO believes that providing this website will help to
improve contracting decisions and increase public knowledge of how
the government spends billions of taxpayer dollars each year.
Read more…
Smith, et al. v. DaimlerChrysler Services North America (Equal Credit Opportunity Act Violation)
DaimlerChrysler settled a New Jersey federal class action lawsuit accusing its automobile financing division of having a policy or practice that resulted in African-Americans and Hispanics paying more for loans than white customers, in violation of the Equal Credit Opportunity Act (ECOA). Under the terms of the settlement, DaimlerChrysler agreed to limit the amount of markup on certain automobile loans, disclose to consumers that loan rates can be negotiated with the dealer, contribute $1.8 million for consumer education programs on credit financing directed to African-American and Hispanic communities, and offer 875,000 pre-approved, no mark up offers of credit to African-Americans and Hispanics. DaimlerChrysler also agreed to reimburse plaintiffs for attorney fees and other costs and expenses.
- Misconduct Type
- Consumer Affairs
- Enforcement Agency
- Non-Governmental
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Settlement
- Date of Settlement
- 6/17/2005
Contractors Involved |
Penalty |
Total |
|
Daimler AG |
$1,800,000
|