The "Reforming
CFPB Indirect Auto Financing Guidance Act" would revoke guidance
issued in 2013 by the Consumer Financial Protection Bureau that
helps ensure customers are not charged disproportionately higher
prices for auto loans because of their race, color, religion or
other characteristics that should have no bearing on loan
decisions, the White House said.
The bill is sponsored by Republican Representative Frank Guinta
of New Hampshire and has 166 co-sponsors.
(Reporting by Eric Beech; Editing by Eric Walsh)
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