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Home » Senate Votes to Repeal CFPB Auto Lending Guidance
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Senate Votes to Repeal CFPB Auto Lending Guidance

April 30, 2018
The Senate voted 51-47 to block guidance issued by the CFPB five years ago that said indirect auto lenders can be subject to liability for discriminatory pricing markups. The Congressional Review Act resolution introduced by Sen. Jerry Moran, R-KS, late last month was passed with the help of one Democrat, Sen. Joe Manchin, D-WV. The vote generally went along party lines. The five-page bulletin, titled “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act ...
News Inside the CFPB Regulation Non-Mortgage Regulation Auto Lending
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