I’m guessing its because:
1. They are being pressured (for diversity’s sake) into giving loans to people who cannot pay them back.
2. When the House of Cards collapses again (as it will), they know Politicians will demonize them for forcing “predatory” loans on “unsuspecting” borrowers.
After 08 the agencies pulled back some out of necessity but from the numbers seem to have taken more of the market. Not surprising under Obama.
And the gov’t is fining automakers because the interest rates they charged had discriminatory outcomes against minorities. It’s the outcome, not the normal credit process that they are being taken to court over.
Force banks to Give loans to people that can’t pay back. Force people to buy insurance they cannot afford. Nice freedom we have here.