Date: April 17, 2018
Subject: Repealing an Obama-Era Rule that Harms Indirect Auto Lending
Description: This resolution invokes the Congressional Review Act to overturn an overreaching Obama administration rule that limited the ability of auto dealers to offer discounted-rate auto loans to customers. Specifically, the rule related to indirect auto lending and compliance with the Equal Credit Opportunity Act. ACU supports the overturning of this Obama-era regulation that has stifled the free market and increased the cost of auto loans.
Result: Motion to Proceed Agreed to, 50-47
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