[Ally Financial Inc] agreed to pay borrowers at least $80 million to settle allegations of racial or ethnic discrimination….
This is the settlement that Obama’s CFPB and DoJ browbeat Ally into accepting. There’s a catch, though:
the lender is prohibited by law from collecting data on the race or ethnicity of its borrowers.
But never mind. Obama and his Executive Branch minions cried racism, and so it must exist, regardless of actual data.
Unfortunately, though, Obama isn’t alone in this sorry charade. Ally management shares shame in this tragedy: they cravenly agreed to a penalty for something they didn’t do, or at least the government persecutors had no hope of demonstrating.