Declares without force or effect Consumer Financial Protection Bureau (CFPB) Bulletin 2013-02 (Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act), published March 21, 2013.

Amends the Consumer Financial Protection Act of 2010 to direct the CFPB, when proposing and issuing guidance primarily related to indirect auto financing, to:

• provide for a public notice and comment period before issuing the guidance in final form;
• make publicly available all information relied on by the CFPB;
• redact any information exempt from disclosure under the Freedom of Information Act;
• consult with the Board of Governors of the Federal Reserve System, the Federal Trade Commission, and the Department of Justice; and
• study the costs and impacts of the guidance to consumers and women-owned, minority-owned, and small businesses.

Reforming CFPB Indirect Auto Financing Guidance Act

(Sec. 2) Declares without force or effect Consumer Financial Protection Bureau (CFPB) Bulletin 2013-02 (Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act), published March 21, 2013.

(Sec. 3) Amends the Consumer Financial Protection Act of 2010 to direct the CFPB, when proposing and issuing guidance primarily related to indirect auto financing, to:

• provide for a public notice and comment period before issuing the guidance in final form;
• make publicly available all information relied on by the CFPB;
• redact any information exempt from disclosure under the Freedom of Information Act;
• consult with the Board of Governors of the Federal Reserve System, the Federal Trade Commission, and the Department of Justice; and
• study the costs and impacts of the guidance to consumers and women-owned, minority-owned, and small businesses.

(Sec. 2) Declares without force or effect Consumer Financial Protection Bureau (CFPB) Bulletin 2013-02 (Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act), published March 21, 2013.

(Sec. 3) Amends the Consumer Financial Protection Act of 2010 to direct the CFPB, when proposing and issuing guidance primarily related to indirect auto financing, to:

• provide for a public notice and comment period before issuing the guidance in final form;
• make publicly available all information relied on by the CFPB;
• redact any information exempt from disclosure under the Freedom of Information Act;
• consult with the Board of Governors of the Federal Reserve System, the Federal Trade Commission, and the Department of Justice; and
• study the costs and impacts of the guidance to consumers and women-owned, minority-owned, veteran-owned, and small businesses, including consumers and small businesses in rural areas.