Those pesky third parties

Of course you’re not liable when several of your customers violate the law. Or are you?

The Consumer Financial Protection Bureau is investigating Ally Financial for the lending practices of auto dealerships.  This follows on from various mortgage-backed securities problems.

“Ally Faces a Discrimination Probe,” Wall Street Journal, November 6, 2013 C2 http://on.wsj.com/19Dmb4D

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Filed under Business Case, Controls, Legal, Requirements, Risk, Third parties

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