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US House passes bill revoking CFPB vehicle lending guidance

from RVDA

From Nov. 18: The U.S. House of Representatives passed a bill that would limit the Consumer Financial Protection Bureau’s (CFPB) 2013 vehicle lending guidance on November 19th. The bill is backed by RVDA, NADA, RVIA and other industry groups. A total 244 Republicans and 88 Democrats voted for the bill. There were 96 Democrats voting against the bill. more

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