GM credit arm in tentative deal on racial lawsuit

Newswire

By Michael Ellis DETROIT, Jan 30 (Reuters) - GMAC, the finance unit of automaker General Motors Corp. , has reached a tentative settlement in a lawsuit claiming its lending practices discriminated against black consumers, the company and lawyers involved in the case said on Friday. "GMAC has reached a tentative agreement to settle long-standing litigation regarding dealer financing practices," the financial services company said in a brief statement. GMAC added that the settlement has ...

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