Report Examines $80M Distribution From CFPB

January 20, 2016January 20, 2016 by RVBusiness

The Consumer Financial Protection Bureau (CFPB) is distributing $80 million in settlement proceeds from its enforcement action against Ally Financial and its subsidiary Ally Bank without verifying that recipients are eligible to receive the money. The result is some white borrowers are getting settlement checks over alleged racial discrimination against African-Americans, Hispanics and Asians. According to […]