Over the past few years, regulatory focus on fair lending examination of the indirect automotive finance market has increased significantly. In this paper, the authors illustrate the complexities of indirect automobile financing and evaluate current regulatory fair lending practices observed in the industry. To read the paper, click the link below.
Fair lending: Considerations when searching for less discriminatory alternatives
The Consumer Financial Protection Bureau increasingly expects institutions to explore less discriminatory alternatives (LDAs) as part of their disparate impact...