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Senate votes 50-47 to debate undoing consumer bureau's auto-loan guidance
Source: Reuters
POLITICS APRIL 17, 2018 / 3:28 PM / UPDATED 8 MINUTES AGO
Senate votes 50-47 to debate undoing consumer bureau's auto-loan guidance
Reuters Staff
1 MIN READ
WASHINGTON (Reuters) - The U.S. Senate voted 50-47 on Tuesday in favor of debating whether to undo the consumer watchdog’s March 2013 guidance restricting how car dealers extend auto loans to consumers.
The vote to discuss the Consumer Financial Protection Bureau rule, which critics say overreaches its authority, will be debated on the Senate floor on Tuesday before a second vote on whether to overturn it.
Reporting by Katanga Johnson; Editing by Michelle Price and Peter Cooney
Senate votes 50-47 to debate undoing consumer bureau's auto-loan guidance
Reuters Staff
1 MIN READ
WASHINGTON (Reuters) - The U.S. Senate voted 50-47 on Tuesday in favor of debating whether to undo the consumer watchdog’s March 2013 guidance restricting how car dealers extend auto loans to consumers.
The vote to discuss the Consumer Financial Protection Bureau rule, which critics say overreaches its authority, will be debated on the Senate floor on Tuesday before a second vote on whether to overturn it.
Reporting by Katanga Johnson; Editing by Michelle Price and Peter Cooney
https://www.reuters.com/article/us-usa-congress-autolending/senate-votes-50-47-to-debate-undoing-consumer-bureaus-auto-loan-guidance-idUSKBN1HO30U
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