by Christopher Liechty | Dec 4, 2014 | Finance
If you have younger kids, you may have seen the TV show Word Girl. One of the villainous characters is called Lady Redundant Woman. Lady Redundant Woman obtained the powers of duplication when she was fused with a copy machine. As you might expect, she often speaks in...
by Christopher Liechty | Dec 3, 2014 | Finance
We’ve been silent for awhile on the subject of lending discrimination and the CFPB, but that doesn’t mean the rest of the lending world stopped talking about it. Today, for example, Toyota Credit announced that it has been accused of discrimination by the...
by Brenda Greenwell | May 1, 2014 | Finance
With the CFPB pushing to change the dealer income model in the auto industry, it seemed inevitable that lenders would adjust. The question was who would get the ball rolling? The answer: BMO Harris Bank. (For previous discussions of the fight between the CFPB and...
by Brenda Greenwell | Mar 27, 2014 | Finance
Schadenfreude – noun, often capitalized: a feeling of enjoyment that comes from seeing or hearing about the troubles of other people. Auto dealers everywhere, and possibly the banking industry in general, had to choke down some strong feelings of schadenfreude a...
by Brenda Greenwell | Feb 27, 2014 | Finance
(For background on the auto dealer participation battle with regulators, see our previous posts on the topic.) As the brouhaha on auto dealer participation reached its peak in late 2013, the CFPB claimed a victory with a $98 million settlement of discrimination claims...
