This paper was prepared by Marsha Courchane and Amand Raman, Partner and co-leader of Skadden’s Consumer Financial Services Litigation and Enforcement practice. The paper discusses default servicing as a priority for federal regulators, enforcement agencies, servicers and their advisors. It was released at the Mortgage Bankers Association Regulatory Compliance Conference 2010.
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...