Arthur Baines and Marsha Courchane have published an article entitled “Compliance in the Indirect Automotive Market: Key Issues in Fair Lending Analysis,” which appeared in the September/October issue of ABA Bank Compliance. The authors identify some of the key fair lending compliance issues associated with indirect automotive finance and methodologies that may assist with the identification of any disparities resulting from underwriting or pricing of automotive finance contracts.
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...