White House Forced Payments From Banks Without Complaints From Aggrieved Individuals

[From article]
From New York Post:
Newly uncovered internal memos reveal the Obama administration knowingly exaggerated charges of racial discrimination in probes of Ally Bank and other defendants in the $900 billion car-lending business as part of a “racial justice” campaign that’s looking more like a massive government extortion and shakedown operation.
So far, Obama’s Consumer Financial Protection Bureau has reached more than $220 million in settlements with several auto lenders since the agency launched its anti-discrimination crusade against the industry in 2013. Several other banks are under active investigation.
That’s despite the fact that the CFPB had no actual complaints of racial discrimination — it was all just based on half-baked statistics.
[. . .]
The high-level memo, sent by top CFPB civil-rights prosecutors to the bureau’s director and revealed by a House committee, admits their methods for proving discrimination were seriously flawed from the start and had little chance of holding up in court. Yet they figured they could muscle Ally, as well as future defendants, with threats and intimidation.
“Some of the claims being made in this case present issues, such as use of [race] proxying and reliance on the disparate-impact doctrine, that would pose litigation risks meriting serious consideration prior to taking administrative action or filing suit in district court,” the Oct. 7, 2013, memo addressed to CFPB chief Richard Cordray acknowledges.
[. . .]
It's amazing to see separate government entities cooperating to wring money from a bank that is very likely innocent of any discriminatory practices but forced to pay tens of millions of dollars to the government so it can continue to do business.
Government by thuggery is what we get when "social justice" is enforced.

http://www.americanthinker.com/blog/2016/02/cfpb_based_antidiscrimination_settlements_on_half_baked_statistics.html

February 8, 2016
CFPB based anti-discrimination settlements on 'half-baked' statistics
By Rick Moran