Auto Loans

CFA Opposes “Reforming CFPB Indirect Auto Financing Guidance Act”

CFA joins a coalition urging members of Congress to oppose H.R. 1737, the so-called “Reforming CFPB Indirect Auto Financing Guidance Act.” H.R. 1737 hides its intent behind a smokescreen of claims about process and regulatory jurisdiction. However, the bill is really a misguided attack on the CFPB’s enforcement of anti-discrimination laws.