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House Votes to Protect Indirect Auto Lending Against CFPB
2016-01-27 07:00:45| Auto Dealers - Topix.net
On November 18, 2015, the House of Representatives passed the Reforming CFPB Indirect Auto Financing Guidance Act by a vote of 332 to 96. Although the Act has not received much fanfare, its aim is significant: proponents hope the Act will limit the CFPB's broad authority regarding indirect auto financing. Specifically, the legislation directs the CFPB, when proposing and issuing guidance primarily related to indirect auto financing, to: Make available to the public, including on the website of the Bureau, all studies, data, methodologies, analyses and other information relied on by the Bureau in preparing such guidance.
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Category:Automotive
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