Arthur Baines and Dr. Marsha Courchane review the Consumer Financial Protection Bureau’s bulletin on fair lending compliance in the indirect auto arena and analyze how it may impact dealer discretion and the prices faced by car-buying consumers. They contrast the difference between franchised car dealers and mortgage brokers.
COVID-19 crisis – Mortgage forbearance considerations
During the current COVID-19 crisis, many financial institutions have responded by tightening their lending standards while increasing allowable forbearance...