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Both women were in NMAC's first credit tier and were thus qualified to borrow at 8.25percentt.
He noted that NMAC limited the amount of markup allowed on loans in the highest credit tier.
On its Web site, Honda reserves the $199 Accord deal to customers who qualify for the American Honda Finance Corporation's "superpreferred credit tier".
Of the customers in NMAC's first credit tier, for example, 32.4percentt of whites were offered special interest rates, while only 15.3percentt of blacks were.
For example, buyers in a higher credit tier may face lower markups, and whites are more likely to be in a higher tier.
Professor Cohen found that 4percentt of the black customers had been moved into a lower credit tier, while only 2.3percentt of white customers were.
Similar(45)
The discriminatory pattern is "as bad, or worse" among consumers within the best credit tiers, said Mr. Klein, one of the plaintiffs' lawyers.
About 40% of consumers fall in credit risk tiers of nonprime or below, according to data analysis firm Experian.
Mr. Spaniolo credited the tier-one competition with bolstering university pride and student caliber.
The number of consumers with top-tier credit ticked up to its highest level since 2008, according to a report from the creator of the FICO credit score.
Those with top-tier credit scores actually saw their access to revolving credit increase, but subprime borrowers, with the riskiest credit profiles, saw it drop.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com