HR 5403
113th Congress
House
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
Small business
Women in business
Reforming CFPB Indirect Auto Financing Guidance Act
Introduced: September 8, 2014
Introduced by:
Stutzman, Marlin A.
Republican
· Indiana
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 8, 2014
Referred to the House Committee on Financial Services.
Sep 8, 2014
Introduced in House
Plain-English summary
Reforming CFPB Indirect Auto Financing Guidance Act - 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.
Amends the Consumer Financial Protection Act of 2010 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 (FTC), and the Department of Justice (DOJ); and
- study the costs and impacts of the guidance to consumers and women-owned, minority-owned, and small businesses.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1