The CFPB's methodology is "flawed in its application and subject to significant measurements that lead to overestimation of racial disparities and calculations of alleged harm," said Chris Stinebert, president of the American Financial Services Association.
WASHINGTON The financial services industry believes it has finally discovered proof that the Consumer Financial Protection Bureau uses flawed methods to detect possible discrimination in auto loans. more »
Encore Capital Group Inc., a San Diego-based debt buying firm, announced it is providing $124,000 in scholarships to students at 43 community colleges across the U.S., as part of its new national program, the Encore Capital Group Scholarship Fund. more »