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.
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...