February 5 2025

Toyota Disagrees with Disparate Impact Methodology, Settles Anyway

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After settling with the CFPB and Department of Justice, Toyota Motor Credit Corporation issues a statement that it "respectfully disagrees" with the agencies' disparate impact methodologies to determine whether industry lending practices have been discriminatory. The methodologies included using the Bayesian Improved Surname Geocoding proxy methodology to find that African-American and/or Pacific Islanders were charged higher dealer markups than similarly situated white buyers. [2/9/16]

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