US Congress Senate Bill 2663 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 10 2016 - 25% progression, died in chamber
Action: 2016-04-07 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]

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

Sen. Jerry Moran [R-KS]

Date	Chamber	Action
2016-04-07	Senate	Committee on Banking, Housing, and Urban Affairs. Hearings held.
2016-03-10	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB1737 (Related) 2015-11-19 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2663/all-info
Text	https://www.congress.gov/114/bills/s2663/BILLS-114s2663is.pdf