Arthur Baines and Marsha Courchane have published an article entitled “Compliance in the Indirect Automotive Market: Key Issues in Fair Lending Analysis,” which appeared in the September/October issue of ABA Bank Compliance. The authors identify some of the key fair lending compliance issues associated with indirect automotive finance and methodologies that may assist with the identification of any disparities resulting from underwriting or pricing of automotive finance contracts.
What CFPB enforcement history reveals about future priorities
The authors analyze the enforcement activity under each of the directors who served the CFPB since its inception and the civil money penalties collected by...