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.
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...