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Home » House Votes to Kill Auto Lending Guidance, Payday May Survive
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House Votes to Kill Auto Lending Guidance, Payday May Survive

May 14, 2018
The House last week voted to kill the CFPB’s auto lending guidance, but the chances of a similar override of the bureau’s payday rule are fading, attorneys said. In a 234-175 vote, the House repealed Obama-era CFPB guidance on indirect auto lending that subjected auto dealers and others to liability for discriminatory price markups. The Senate passed the Congressional Review Act resolution last month, and President Trump is expected to sign the rollback. Congress used the CRA ...
News Inside Mortgage Finance Inside the CFPB Regulation Non-Mortgage Regulation Auto Lending Payday Lending
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