The Community Financial Services Association of America retained CRA to evaluate the likely impact on small payday lenders of the rules under consideration by the Consumer Financial Protection Bureau. This study includes an evaluation of the impact on the payday lending revenues and profitability of small payday lenders. To read the report, click the link below.
What is disparate impact testing?
Disparate impact testing requires quantitatively testing models for fairness with respect to classes of borrowers protected under the Equal Credit Opportunity...