Reforming CFPB Indirect Auto Financing Guidance Act
1/11/2023, 1:31 PMCongressional Summary of S 2663
Reforming CFPB Indirect Auto Financing Guidance Act
This bill declares without force or effect Consumer Financial Protection Bureau (CFPB) Bulletin 2013-02 (Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act), published March 21, 2013.
The Consumer Financial Protection Act of 2010 is amended to direct the CFPB, when proposing and issuing guidance primarily related to indirect auto financing, to:
- provide for a public notice and comment period before issuing the guidance in final form;
- make publicly available all information relied on by the CFPB;
- redact any information exempt from disclosure under the Freedom of Information Act;
- consult with the Board of Governors of the Federal Reserve System, the Federal Trade Commission, and the Department of Justice; and
- study the costs and impacts of the guidance to consumers and women-owned, minority-owned, veteran-owned, and small businesses, including consumers and small businesses in rural areas.
Read the Full Bill
Current Status of Bill S 2663
Bill S 2663 is currently in the status of Bill Introduced since March 10, 2016. Bill S 2663 was introduced during Congress 114 and was introduced to the Senate on March 10, 2016. Bill S 2663's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-520. as of April 7, 2016Bipartisan Support of Bill S 2663
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2663
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
Administrative law and regulatory proceduresBanking and financial institutions regulationConsumer Financial Protection BureauConsumer affairsConsumer creditFinancial services and investmentsGovernment information and archivesGovernment studies and investigationsMinority and disadvantaged businessesMotor vehiclesRural conditions and developmentSmall businessVeterans' education, employment, rehabilitationWomen in businessAlternate Title(s) of Bill S 2663
Reforming CFPB Indirect Auto Financing Guidance ActA bill to nullify certain guidance of the Bureau of Consumer Financial Protection and to provide requirements for guidance issued by the Bureau with respect to indirect auto lending.Reforming CFPB Indirect Auto Financing Guidance ActComments
Most relevant
Sponsors and Cosponsors of S 2663
Latest Bills
Recognizing the importance of sleep health and expressing support for the designation of the week of March 9 through March 15, 2025, as "Sleep Awareness Week".
Bill HRES 235March 23, 2025
Expressing the sense of the House of Representatives that every person has the basic right to emergency health care, including abortion care.
Bill HRES 238March 23, 2025
Expressing support for the goals of a "NICU Baby's Bill of Rights".
Bill HRES 236March 23, 2025
Expressing support for the designation of "Zoroastrian Legacy and Heritage Month".
Bill HRES 234March 23, 2025
Raising awareness of the racial disparities in the impact of colorectal cancer on the Black community.
Bill HRES 239March 23, 2025
National Strategy for School Security Act of 2025
Bill HR 2259March 23, 2025
Improving Law Enforcement Officer Safety and Wellness Through Data Act of 2025
Bill HR 2240March 23, 2025
Of inquiry requesting the President and directing the Secretary of Education to transmit, respectively, certain documents to the House of Representatives relating to the reduction in force and other downsizing measures at the Department of Education.
Bill HRES 237March 23, 2025
Protect Social Security and Medicare Act
Bill HR 1950March 23, 2025
Delphi Retirees Pension Restoration Act
Bill HR 1895March 23, 2025
Financial CHOICE Act of 2016
Bill HR 5983January 11, 2023
Reforming CFPB Indirect Auto Financing Guidance Act
Bill HR 1737January 11, 2023