You are here: Home » Reuters » News
Business Standard

U.S. Senate favors undoing consumer bureau's auto guidance

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - The U.S. Senate voted 51-47 on Wednesday in favor undoing the Consumer Financial Protection Bureau's 2013 guidance restricting how car dealers extend auto loans to consumers, in the latest move to weaken the agency. The vote to overturn the consumer watchdog's indirect auto-lending rule, was debated on the Senate floor on Tuesday for 10 hours. It must be debated and approved in the House of Representatives before being sent to President Donald Trump for his signature.Tabled by Republican Senators Jerry Moran and Pat Toomey, the vote comes amid a broader attack of the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, April 18 2018. 23:13 IST
RECOMMENDED FOR YOU