December 9, 2015
Policy & Legislation
CRL responded to the House Financial Services Committee report on the CFPB and Indirect Auto Lending. We address this response in a letter to House Financial Services Chairman Hensarling and Ranking Member Waters dated and sent on 12/9/15.
In the HFSC Report, several assertions are made about indirect auto lending, including arguments opposing CFPB data methodology and an argument that disparate impact is not cognizable under the Equal Credit Opportunity Act (ECOA). In our response we address the claims made by the HFSC report.