What Is Bayesian Improved Surname Geocoding (BISG)?

  BISG and Other Proxies:  What Is BISG and Why Proxies Matter to All Banks? BISG, which is the CFPBs newest method of determining race and ethnicity proxies, is the acronym for Bayesian Improved Surname Geocoding.  Like many other analyses in fair lending, BISG is borrowed from another research area.  In this case BISG, in […]

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Ally Financial Fair Lending Consent Order

By now most compliance officers have heard about the consent order between Ally Bank, the CFPB and DOJ.  In short, Ally agreed to pay a total of $98 million in fines ($18 million) and restitution ($80 million) in a disparate impact settlement of an indirect auto lending case.  While several law firms and others have […]