Arthur Baines and Dr. Marsha Courchane review the Consumer Financial Protection Bureau’s bulletin on fair lending compliance in the indirect auto arena and analyze how it may impact dealer discretion and the prices faced by car-buying consumers. They contrast the difference between franchised car dealers and mortgage brokers.
Community credit needs assessments—why now?
The CFPB has discarded the statistically based analyses that were key to investigating and uncovering systematic patterns. While institutions may find the...