Auto lenders must remain mindful of how they use information about applicants’ immigration or citizenship status in underwriting despite the Consumer Financial Protection Bureau and Department of Justice withdrawing a joint statement cautioning against broad, potentially discriminatory policies. Lenders must comply with existing federal and state laws, although the CFPB under the Trump administration has pulled back on guidance, Chris Friedman, partner at law firm Husch Blackwell, told Auto Finance News. This includes […]
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