Consumer Finance

CFPB Director Responds to Senate Request for Information Regarding Bureau’s Discrimination Methodology in Auto Lending

November 5, 2013

CFPB Director Cordray responded yesterday to the Senate’s request for information on the Bureau’s methodology for determining discrimination in auto lending. Cordray’s 11.4.2013 Letter The CFPB’s methodology uses surname and geographical approaches, and “makes case-by-case assessments of whether to pursue supervisory or enforcement activity in response to statistically significant disparities”.

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Consumer Finance

CFPB Director Responds to Senate Request for Information Regarding Bureau’s Discrimination Methodology in Auto Lending

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