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Consumer finance

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Overview

Bates White has extensive experience with an array of consumer financial products. From auto finance to residential mortgages and student loans to personal loans, we provide rigorous analysis of the issues central to this diverse set of products. Our professionals combine a thorough knowledge of the fundamentals with a keen understanding of the nuances related to each loan product, which means we approach clients’ matters with a unique perspective. In expert or consulting work, we provide the thought leadership and strategic guidance that our clients require.

We routinely perform detailed analyses of loan characteristics and loan performance and are skilled at designing statistical sampling methods that balance loan review costs with achieving desired levels of precision. Our expertise also extends to fair lending, where we apply rigorous statistical modeling techniques to identify unexplained disparities between demographic groups. We have a robust compliance monitoring offering that leverages data proficiency and a detail-oriented approach to deliver a careful assessment of whether the terms of a settlement or other agreement are being met. Our consumer finance professionals develop lasting client relationships and are trusted by a number of law firms, corporate clients, and government agencies, to both fulfill short-turnaround inquiries and meet the demands of a long-running litigation.

Selected Work

  • Loan performance and sampling analysis. Advised a government agency in a pre-litigation matter regarding the performance of certain residential mortgage loan products
  • Fair housing and compliance monitoring. Assisted independent monitor with fair housing analysis of consumer relief provided by a large bank under the terms of a settlement agreement with the federal government and five states. 
  • Fair lending. Provided consulting expertise related to fair lending issues on behalf of a major subprime mortgage lender accused of discriminating on the basis of race in permitting brokers to subjectively set fees and yield spread premium. 
  • Compliance monitoring. Assisted independent administrator with compliance assessment of debt forgiveness required under a settlement entered into by a large for-profit education company.
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