P&A Providers & Administrators
MenuMENU
SearchSEARCH

DOJ Investigating Fifth Third Bank’s Auto Lending Practices

May 16, 2014
2 min to read


CINCINNATI — Fifth Third Bank revealed in a regulatory filing last week that it is under investigation by the Department of Justice (DOJ) to determine whether it engaged in discriminatory practices related to auto lending.


According to the filing, the bank is cooperating with the investigation of its indirect automobile loan portfolio. “Any claim resulting from this investigation could include direct and indirect damages and civil money penalties,” the filing read, in part.

Ad Loading...


Last summer, the finance source notified dealers in a letter obtained by F&I and Showroom that it was monitoring how dealers mark up interest rates on retail installment sales contracts. The notice stated that Fifth Third Bank regularly reviews auto loans received from dealers to “ensure that dealer reserve (markup) is not applied disproportionately based on an applicant’s race.”


The notice, however, was distributed a few months after the Consumer Financial Protection Bureau (CFPB) warned finance source that they would be held responsible for unlawful, discriminatory pricing on the part of their dealers.


Both the CFPB and the DOJ have been examining whether a dealer’s ability to mark up the interest rate on finance contracts has a disproportionate impact on women and minorities.


In addition to the investigation of its auto loan portfolio, Fifth Third is also facing a civil investigation by the DOJ and the Office of the Inspector General for the Department of Housing and Urban Development regarding compliance with requirements related to certain Federal Housing Agency-insured loans originated by its affiliates.


Fifth Third Bank declined to comment on the DOJ’s investigation.

More Industry

Kia Niro SUV in gold color parked outdoors
Industryby Hannah MitchellSeptember 1, 2026

Kia Closes Out Summer With a Bang

Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.

Read More →
Outside of Auto Park Ford dealership
Industryby Lauren LawrenceSeptember 1, 2026

Indiana Dealership Changes Hands

A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.

Read More →
Three men standing in front of two classic cars handing off gift.
Industryby Hannah MitchellAugust 25, 2026

Texas Dealership No Longer in the Family

The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.

Read More →
Ad Loading...
Outside of modern car dealership “Genesis of San Bruno
Industryby Lauren LawrenceAugust 25, 2026

Genesis Grows California Presence

The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.

Read More →
Red Honda Civic hybrid sedan on two lane road with green hills in background
Industryby Hannah MitchellAugust 21, 2026

August Auto Sales a Mixed Bag

An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.

Read More →
EV charger inserted into dark-colored car port
Industryby Hannah MitchellAugust 18, 2026

EV Market Humming Along

July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.

Read More →
Ad Loading...
car in background with hand giving a thumbs up in front
Industryby Lauren LawrenceAugust 14, 2026

Auto Loan Delinquency Rates Stabilize

Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.

Read More →
blue sky, yellow and orange rollercoaster with riders going up an incline
Industryby Lauren LawrenceAugust 12, 2026

EV Sales Recover in Q2

The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.

Read More →
Photo of blue Toyota Prius parked next to body of water with city skyline in background
Industryby Hannah MitchellAugust 5, 2026

The Cheapest Hybrids to Fuel

The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.

Read More →
Ad Loading...
white SUV parked in front of a body of water with a gray sky background
Industryby Lauren LawrenceAugust 5, 2026

Hybrids and SUVs Gaining Ground

The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.

Read More →