CFPB signals fair lending practices extend to servicing

Disparate impact is primarily thought of as discrimination in origination and pricing

© Can Stock Photo / kvkirillov

Auto lenders using predictive recovery models in servicing operations could fall under scrutiny from the Consumer Financial Protection Bureau (CFPB) in its renewed focus on fair lending. The CFPB has signaled that it will be considering fair lending throughout the entire lifecycle of the loan, including servicing that uses predictive models, in evaluating violations of […]

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