Summary of Amendments Submitted to the Rules Committee for H.R. 1737 - Reforming CFPB Indirect Auto Financing Guidance Act

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

Nov 16, 2015 10:03 AM

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Gosar (AZ)


Ensures that the costs and impacts to any veteran-owned business are included in the study required by this bill for any future auto financing guidance put forth by the Consumer Financial Protection Bureau.

Hinojosa (TX)


Directs the Director of the CFPB, in consultation with the Financial Literacy and Education Commission, to develop and implement a financial literacy program with respect to the purchase of a motor vehicle through the use of financing.

Sewell (AL)


Clarifies that nothing in this bill shall be construed to apply to guidance issued by the Bureau of Consumer Financial Protection that is not primarily related to indirect auto financing.

Smith, Jason (MO)


Requires that CFPB, before issuing guidance on indirect auto financing, should also conduct a study on the cost and impacts such guidance to rural consumers and businesses.