President Trump Signs Resolution To Overturn Auto Lending Regulation
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President Trump has signed a congressional resolution that aimed to keep lenders from discriminating against consumers when financing a vehicle. Reuters reported it’s the latest rule struck down to weaken the Consumer Financial Protection Bureau.
Both the U.S. Senate and House of Representatives passed the joint resolution before the deregulatory measure made its way to President Trump’s desk.
The Trump administration has worked diligently to loosen restrictions in numerous sectors of the auto industry. The administration previously announced changes to review national emission regulations and the White House will likely announce changes to corporate average fuel economy standards in the weeks to come.
It’s likely that the new fuel-economy standards will see the standards freeze in 2020. Right now, CAFE standards will climb through 2026.
Part of the auto-lending resolution will also bar the CFPB from enacting a “substantially similar” rule unless it was specifically allowed to do so by lawmakers.
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WTF… ??
Emissions laws should not be mandatory! They should be a guideline and the manufacturer should have the right to choose weather they want to follow the guidelines or just a portion of them or none of them at all!
Having a gas guzzler should not be a penalty!
You shouldnt be allowed to vote…
Why would you denigrate a fellow poster just because you disagree. Respect what he says and make your own argument against his position. That is the polite thing to do.
So if someone wants to drive at 150mph they can just say they thought 70 was only a guideline right?
Look I dont believe speed limits should be allowed in the first place! Speed limits are not there for safety they are there to generate revenue!
So yes I believe that you should be able to drive as fast as you want and if you hurt someone or damage someone’s property then you must pay!
That sounds like some kind of lame brained statement a Libertarian would make. You aren’t one of those morons are you? Look we have to have laws and those who enforce them to protect the rest of us from morons who would put the rest of us. So you say you would pay for the damage, what about those you kill or maim for life?
All we need are enough brain deads to jump on the Trump idiot bandwagon and this moron will get reelected . They say , in life , you get what you deserve , so lets all line up now and repeat , there is no such thing as global warming , we have a license to do what we want , laws are for jerks except us , hooray !
Get lost snowflake! Tired of you whining every time something doesn’t go your way.
“Get lost snowflake” = triggered
“Tired of your whining” = whining
“when anything doesn’t go your way” – before 2016 that’s all we ever heard from your side. You either DON’T want PC for everybody or you DO…
So Greg, you thinks it’s ok to discriminate when giving a loan? DO you think it’s ok to let businesses do whatever they want. They will not police themselves, they will pollute, cut corners and screw as many people as they can so they can make money. Funny thing is, the people like you who call people snowflakes are the biggest snowflakes. So thin skinned anytime you get criticized. Trump is actually the biggest snowflake, he can dish it but crys like a bay and bullies people anytime someone disagrees with him or doesn’t like him
You shouldn’t be allowed to vote either !!!
anything w/ Obama’s name on it Trump will overturn . the man sitting in the oval office does not believe the scientists that this planet is getting warmer every year at a faster rate than at anytime in history .
His buds in the oil industry don’t want us to start driving fuel efficient cars . it helps out the auto industry so they can continue to build our big trucks for a longer period of time .
There is global warming then there is man-made global warming. Is the earth warmer than 20 years ago? yes. Is it warmer than 10,000 years ago? 100,000 years ago? The earth is constantly changing, there is no temperature that is ‘normal’. As far as man-made temperature change is concerned, we don’t have real proof there is nor that there isn’t
When are they going to dump the clown that thinks he is President of usa.. Soon i would hope..
What does this have to do with the topic? I didn’t vote for trump but comments like these have zero place on a car site like this.
How is it determined if there is racism involved when the applicants race isn’t known on a form used on a loan application? The answer is they look at a name and if it looks like a minority then it is and nothing else, i.e. income, past performance on loans etc are looked at. That is so unfair and unlawful. Ending this practice is the right thing to do.