CRA provided fair lending analyses for a major automotive lender in response to a DOJ investigation and separate class action litigation. The DOJ closed the investigation without bringing charges against the client. In multiple engagements for captive finance arms and their parent companies, we performed several detailed financial analyses of the automotive retail channel.
COVID-19 crisis – Mortgage forbearance considerations
During the current COVID-19 crisis, many financial institutions have responded by tightening their lending standards while increasing allowable forbearance...