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.
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...