House Tries to Block CFPB Fine

01/22/2016
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Not sure if you remember that the CFPB is using a crazy automated “race finder” widget to determine if lenders are lending fairly across different races.  Problem is, it’s really inaccurate.  Well they fined an auto loan lender $80MM with it and now it’s determined that if they paid restitution to the race victims that some of them aren’t actually race victims due to the faulty race widget that the CFPB used.  Can’t make this stuff up man.

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Comments
  • It was 800k not 800M.

    Marc January 22, 2016 9:48 am Reply

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