Why White Borrowers Are Getting Settlement Checks for Racial Discrimination
Inquiring minds in the House want to know why the CFPB is distributing money from the $80 million Ally Financial racial discrimination settlement to some white borrowers. Some suggest that sending settlement checks to verified customers would result in only 36,000 checks, far fewer than the 235,000 consumers the CFPB had publicly alleged were harmed by Ally. [1/21/16]