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Sen. Warren finds no support for CFPB dealer exemption repeal effort

from Politico

Sen. Elizabeth Warren has spent the past six weeks calling for stronger government oversight of dealers’ loans to vehicle buyers. She is now trying to drum up support for a measure to bring lending at dealerships under the control of the Consumer Financial Protection Bureau (CFPB). None of Warren’s fellow Democrats on the Senate Banking Committee have agreed to co-sponsor the legislation yet, several industry and congressional sources confirmed for POLITICO. RVDA strongly opposes repeal of the dealer exemption to CFPB oversight. more


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