3.0.0 2663 2023-01-11T13:31:45Z 2023-01-11T13:31:45Z Senate S 2016-03-10 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2016-04-07T14:00:00Z Referred to 2016-03-10T17:20:19Z Reforming CFPB Indirect Auto Financing Guidance Act 114 1737 HR 2015-11-19 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Financial CHOICE Act of 2016 114 5983 HR 2016-12-20 Placed on the Union Calendar, Calendar No. 693. Related bill CRS 2016-04-07 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-520. Committee 2016-03-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2016-03-10 Introduced in Senate IntroReferral 10000 9 Library of Congress M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS N Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Consumer Financial Protection Bureau Consumer affairs Consumer credit Financial services and investments Government information and archives Government studies and investigations Minority and disadvantaged businesses Motor vehicles Rural conditions and development Small business Veterans' education, employment, rehabilitation Women in business Finance and Financial Sector 00 2016-03-10 Introduced in Senate 2016-04-05T19:19:13Z Reforming CFPB Indirect Auto Financing Guidance Act

This bill 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.

The Consumer Financial Protection Act of 2010 is amended 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.
]]> Reforming CFPB Indirect Auto Financing Guidance Act Display Title Reforming CFPB Indirect Auto Financing Guidance Act Official Title as Introduced A bill to nullify certain guidance of the Bureau of Consumer Financial Protection and to provide requirements for guidance issued by the Bureau with respect to indirect auto lending. Introduced in Senate IS Short Titles as Introduced Reforming CFPB Indirect Auto Financing Guidance Act Introduced in Senate 2016-03-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2663is/xml/BILLS-114s2663is.xml 2016-04-07 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-520. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.