Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act".

Bill: 115-hjres-132
Sponsor: full_name: Rep. Zeldin, Lee M. [R-NY-1]
Introduced: 2018-04-10
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Congressional oversight

Consumer Financial Protection Bureau

Consumer credit

Interest, dividends, interest rates

Motor vehicles
Latest action: action_date: 2018-04-10
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2018-04-10
action_desc: Introduced in House
text: <p>This joint resolution nullifies the rule submitted by the Consumer Financial Protection Bureau and printed in the Congressional Record on December 6, 2017, relating to indirect auto lending and compliance with the Equal Credit Opportunity Act. The rule provides guidance for compliance with fair lending requirements for third-party auto lenders. </p>

tv_txt: IA 115th CONGRESS 2d Session H. J. RES. 132 IN THE HOUSE OF REPRESENTATIVES April 10, 2018 Mr. Zeldin submitted the following joint resolution; which was referred to the Committee on Financial Services JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act (CFPB Bulletin 2013–02 (March 21, 2013), and printed in the Congressional Record on December 6, 2017, on pages S7888–S7889, along with a letter of opinion from the Government Accountability Office dated December 5, 2017, that the Bulletin is a rule under the Congressional Review Act), and such rule shall have no force or effect.