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Assessing compliance, risk for undocumented borrowers 

Subprime lenders shift away from non-FICO customers 

James Van Bramer

As some subprime auto lenders pull back from lending to undocumented borrowers amid shifting immigration policies, legal experts warn of murky compliance.   Joint guidance provided by the Consumer Financial Protection Bureau (CFPB) and Department of Justice reminding lenders that they cannot discriminate based on immigration status in 2023 still holds, even as new leadership […]

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