House GOP Report Calls CFPB’s Ally Settlement a “Shakedown”
Republicans on the House Financial Services Committee issued a report that called the CFPB's methodology for determining discrimination at Ally Financial "junk science," saying the CFPB went after the lender because it knew it would settle quickly. The committee chair called the settlement "a shakedown" by "a dangerously out-of-control agency." [11/30/15]