Sentences with phrase «auto lending rules»

It is expected that the U.S. Senate Banking Committee will soon repeal the CFPB's auto lending rules.The Consumer Financial Protection Bureau's (CFPB) auto lending rules were fashioned to protect consumers who had indirect auto loans financed by banks through a dealership.

The U.S. Senate Banking Committee is now planning to repeal those auto lending rules, -LSB-...]

The U.S. Senate Banking Committee is now planning to repeal those auto lending rules, according to Republican Pat Toomey, who sits on the Senate committee.

The Consumer Financial Protection Bureau's (CFPB) auto lending rules were fashioned to protect consumers who had indirect auto loans financed by banks through a dealership.

It is expected that the U.S. Senate Banking Committee will soon repeal the CFPB's auto lending rules.

He focused on the agency's efforts to craft new auto lending rules and addressed...

Not exact matches

They also argue the agency overstepped its authority in issuing rules intended to address discrimination in auto lending that also affect car dealers — an industry that was specifically carved out from the CFPB's purview.

Sen. Pat Toomey (R - PA) last year asked the Government Accountability Office whether the CFPB's auto lending guidance might qualify as a rule for the purposes of the Congressional Review Act and, if so, be possible to roll back.

Under the authority granted by the Congressional Review Act, the House of Representatives passed a measure on May 8 to roll back an Obama - era rule on auto lending practices issued by the Consumer Financial Protection Bureau (CFPB).

Back then, Richard Cordray, who was director of the CFPB at that time, said the bureau felt compelled to implement these rules because of the discriminatory auto lending they uncovered.

Here's the gist of the CFPB's proposed rules to strengthen consumer protections in payday lending, as well as auto title loans, and other high - cost loans.