How financial services firms can navigate political uncertainty
Much dialogue around Brexit’s impact on the City of London centered on what papers and politicians dubbed the ‘bonfire of rules’ – a phrase designed to capture...
An expert team of consultants, including former academics and regulators.
Our experts assist financial institutions and their counsel manage exposure to compliance issues, including discrimination with respect to pricing, underwriting, steering, servicing, and redlining on the basis of race, ethnicity, gender and age. Our work focuses on the quantitative analysis of regulatory risks associated with consumer and small business lending products, including those created by artificial intelligence and machine learning techniques.
Recent assignments provided regulatory support with respect to the Fair Housing Act, the Equal Credit Opportunity Act, and allegations of Unfair, Deceptive, or Abusive Acts and Practices. This work has been performed over a wide range of consumer and small business lending products, including mortgages, auto finance, credit cards, student lending, unsecured products, as well as various depository products.
Our team uses econometric and statistical analyses to examine application and loan level data at the origination, pricing, and servicing stages for depository institutions and non-depository institutions, including FinTech firms.
Our focus areas
Engagements
- 01Lending discriminationDr. Courchane provided expert testimony in a lawsuit brought by Plaintiffs against a major lender, alleging lending discrimination which led to increased...View engagement
- 02Fair lending: analytical supportCRA provided analytical support for regulatory reviews for banking clients facing investigations by the CFPB, the FDIC, the Federal Reserve Board and the...View engagement
- 03Fair lending: expert testimonyCRA staff and experts have provided expert testimony on behalf of both plaintiffs and defendants on matters involving allegations of discrimination in lending...View engagement
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Recent events
Knowledge Group: Accounting Fraud & SEC Investigations: Recent Enforcement Initiatives and Compliance Issues Webcast
CRA is a proud sponsor of the event. John Rademacher presents an in-depth analysis of the fundamentals and recent developments on the topic during the...
Knowledge Group: BSA/AML Enforcement Trends: Regulatory Guidance for an Effective Compliance Program LIVE Webcast
Elaine Wood and Brad Dragoon speak on the recent changes that were implemented to further strengthen the Anti-Money Laundering Act of 2020 (AMLA 2020) during...