Lending practices examined; new investigations target discrimination

Article Abstract:

Financial institutions with compliance programs will be less likely to become targets of Department of Justice (DOJ) fair-lending investigations and avoid resulting enforcement actions. DOJ investigations usually start when a regulatory agency refers a case with suspicions of lending practices in violation of the Equal Credit Opportunity Act. Among factors the DOJ will consider in an investigation for discrimination are an institution's pre-application lending practices, its underwriting practices, and a 'comparator analysis' of white applicants' loans which were accepted and those by minorities which were rejected.

Laws, regulations and rules, Mortgages, Consumer credit, Truth-in-lending, Truth in lending

---

Accuracy is goal of new model; age discrimination is difficult to assess

Article Abstract:

Proportional-hazards models can be used to provide statistical evidence of age discrimination in employment. A proportionality factor is multiplied with the base-line risk of dismissal such that the risk goes up by an identical percentage for each year of age over the base line. The proportionality factor is arrived at from the data and represents a parameter of the model. Assuming that the risk of dismissal goes up by a constant percentage seems a reasonable hypothesis in the absence of other evidence.

Models, Age discrimination, Employee dismissals, Employment terminations, Employment at will

---

Transfer prices; tax officials will target intercompany transfers; multinationals must defend the prices they set, but the method of calculation may be disputed

Article Abstract:

Deepening differences exist between the US and Canada, Japan and Europe over transfer pricing methodology, with the US usually preferring operating-profit comparisons, the Europeans and Canadians transaction-by-transanction comparisons, and the Japanese profit splits. When methodologies cannot be reconciled a multinational risks double taxation. There has been little US interest in arbitrating transfer pricing disputes.

United States, Finance, International aspects, International business enterprises, Multinational corporations, Transfer pricing, international

Similar abstracts:

• Abstracts: Reading death sentences: the narrative construction of capital punishment. Punishment postgenocide: from guilt to shame to civis in Rwanda
• Abstracts: Courts should give animals their voice. Board examines new measures to trim costs. Let safety board give the facts
• Abstracts: Bring free trade home. Unemployment compensation: the case for a free market alternative
• Abstracts: Pay for performance: corporate executive compensation in the 1990s. Shareholders, nonshareholders and corporate law: communitarianism and resource allocation
• Abstracts: Compliance costs of the Americans with Disabilities Act. The unpopular disabled: drug addicts and alcoholics lose benefits

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.