Why Senators May Find CFPB Response to Auto Lending Guidance Less-than-satisfactory
Senators' request for details on the methodology used by the CFPB to make its determination that "disparate impact" discrimination is present in the indirect auto financing market is met with a variety of evasive answers, such as not giving a threshold number at which a difference in loan rate would be considered discriminatory, saying such matters are handled on a "case-by-case" basis. [11/5]