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Where’s the fuss?

April 7, 2010 | alternatives, federal legislation, industry | Comments (0)

We missed this from yesterday.  Sen. Brownback is offering a bill to carve out the auto lenders from the CFPA.  Could you imagine the the media backlash if it was us and not the auto lenders?   From the story in The Hill

Sen. Sam Brownback is planning to introduce legislation exempting auto dealers from a new consumer protection office.

The office is at the heart of the financial overhaul effort, and Brownback’s (R-Kansas) amendment will set off a fight with the Obama administration and consumer advocates who have pushed to keep auto dealers under the new office.

The National Automobile Dealers Association (NADA) lobbied heavily in the House and was successful in exempting dealers from the financial bill that passed in December.

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