Thank you for visiting the American Honda Finance Corporation(AHFC) Settlement Administrator website. This website provides a summary of the Settlement and your rights under that settlement.

The CFPB and the DOJ (the Government) investigated AHFC automobile financing business. Based on this investigation, the Government claimed that African-American, Hispanic, Asian, and Pacific Islander customers paid higher interest rates than white customers for their auto loans, without regard to creditworthiness, and that AHFC’s pricing and dealer compensation system led to these higher rates based on race or national origin. AHFC asserts that it has treated all customers fairly and did not engage in improper conduct. AHFC and the Government agreed to enter a settlement establishing a $24 million fund to pay affected customers identified by the Government as eligible. The settlement is covered by two Consent Orders, one with the CFPB and one with DOJ. To review or print a copy of the Consent Orders, click here: CFPB Consent Order or DOJ Consent Order.

To be eligible for a settlement fund payment:
  • A customer must have entered into a retail installment contract to buy a vehicle financed by AHFC between January 1, 2011, and July 14, 2015.
  • At least one buyer on the contract must be African-American, Black, Latino, Hispanic, of Spanish origin, Asian, Native Hawaiian, or other Pacific Islander.
  • The customer(s) must also have been identified by the Government as having been overcharged.

You do not need to currently have an open account with AHFC to be eligible for a payment. It does not matter whether your account went into default or if your vehicle was repossessed.

Response deadline extended to February 24, 2017.