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Violation Tracker Individual Record

Company: American Honda Finance Corp.
Current Parent Company: Honda
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $21,744,278
Year: 2019
Date: October 4, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Honda agreed to pay $1.9 million and eliminate $19.8 million in outstanding deficiency balances to settle litigation alleging it misled customers about their rights when cars were repossessed and it inflated the amounts owed after the cars were sold.
Level of Government: federal
Action Type: private litigation
Court: District of Massachusetts
Civil or Criminal Case: civil
Case ID: 1:14cv12859
Case Name: Williams v. American Honda Finance Corporation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.