Ally Financial will pay $98 million to settle claims that it discriminated against minority car loan borrowers between April 2011 and this month. It marks the largest auto loan discrimination settlement in history.
The federal Consumer Financial Protection Bureau and U.S. Department of Justice said that more than 235,000 black, Hispanic and Asian borrowers were pushed into higher-cost loans.
Ally employs several hundred people in a namesake office tower uptown.
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