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senate Bill S. Joint Res. 57

Repealing the Consumer Financial Protection Bureau’s Car Dealer Markup Rule

Argument in favor

The CFPB went too far by pretending its guidance regulating car loans and markups was a regulation, and the rule itself undermined the ability of dealerships to negotiate loan terms. This backdoor regulation should be repealed.

OldTimer's Opinion
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04/18/2018
The practice of dealers securing a loan at 5% then telling the buyer, we got the loan for you at 10% and writing the loan to the buyer for 10% should be ended. Also the dealer asking, “how much can you afford to pay” then making a loan that is $40 or $75 cheaper fit what the customer said they could afford needs to end. These practices are at the least predatory lending practices and at the most outright theft.
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Robert 's Opinion
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04/18/2018
Do not repeal this anti discrimination regulation. Another attempt by the corrupt Trump administration to screw the public. Beware of an elitist pretending to be a populist. . Who wins from this roll back? Not the customer.
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Brandon's Opinion
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04/18/2018
More government regulation does not work. The consumer should
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Argument opposed

While the CFPB was wrong to try to pass off its guidance regulating car loans and markups at dealerships as a full-fledged regulation, the rule should take effect to prevent racial discrimination in dealer markups.

I.Got.an.Idea...'s Opinion
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04/18/2018
Another divisive, unethical, act brought to you by the great American Republicans.
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JustinM.D.Nelson's Opinion
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04/18/2018
Absolutely not. Laws like this are in place to protect consumers from unethical business practices. Republicans seem determined to take more and more protections away from Americans to fill the pockets of corporations and billionaires.
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Renee's Opinion
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04/18/2018
Repealing a regulation designed to protect consumers is more evidence of the Republicans trying to make money off of the middle and lower classes. Shame on them.
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joint resolution Progress


  • EnactedMay 21st, 2018
    The President signed this bill into law
  • The house Passed May 8th, 2018
    Roll Call Vote 234 Yea / 175 Nay
  • The senate Passed April 18th, 2018
    Roll Call Vote 51 Yea / 47 Nay
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
    IntroducedMarch 22nd, 2018

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    To all my representatives vote no. This is a good regulation and helps everyone. It’s difficult to fathom why a congress and an Administration claiming to be for Americans would attempt to strike down such appropriate and protective regulations. Nevertheless, sadly it’s clearly a GOP and Administration pattern and practice. I will remember in November.
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    **** UPDATE **** Sen Toomey, (R-PA), once again you have proved your allegiance to the side of discriminatory practices against race and size of a constituents bank account. Shame on you!!!! Protecting the consumer from dealerships hiking up interest on loans based on race is wrong ~ no matter what #45 and his administration has said! This favors corporations ~ not the middle class, working class or the poor.
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    So let’s get this straight. The GOP wants to repeal a CFPB rule and allow auto lenders to discriminate based on race and they’re justifying this action by going after the faulty process that put this rule into place? How immoral can these slimeball politicians be?
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    If the argument is that the Congress needs to address the issue, let's keep the regulation until they do so. This reminds me of DACA: ending it first then expecting Congress to act didn't work out so well, did it?
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    Any chance we have to remove unnecessary regulations from the free market is an opportunity we don’t want to miss. Sacrificing businesses ability to operate freely simply because we’re afraid loans will be used against someone’s race is absurd. Let’s not choke our economy to death in the name of political correctness. Ending racism is noble. But this is not the way to do it. Appeal this bad law.
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    When are you planning to introduce a bill changing the country’s name to the Unites States for Profit? That is certainly the direction you’re heading.
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    What the F is wrong with these republicans. We need to take back our government this shit that is going on is insane. All of our government leaders should be in prison. They are doing nothing but wrecking America. They have brainwashed my parents and millions of Americans with their bullshit conspiracies via Foxnews and their thugs. I’ve had enough.
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    Anything to scam the public and for this Republican Congress to reinforce their belief that underhandedness is the gold standard for business operations. Just like they do every day.
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    ONCE AGAIN the GOP is going to let big business screw over the American public and allow them to make a money grab. The rich get richer and the rest of us GET SCREWED!!!!! My Rep Mimi Waters voted yes! What a bitch
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    I don’t even have to look to see which party sponsored this bill. Once again, Republicans are making it possible to screw over people and sell it as “getting rid of job-killing regulation”. 🤬
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    Victory for adulthood! Long overdue that educated adults be made to think and decide for themselves. Worried that life may try to screw people? Become a teacher or at least teach your children that life is hard, and even harder if you’re stupid or naive.
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    The idea that extra interest can just get slapped on a car loan at the dealer is pretty skeevy. That it might be higher interest just cause the dealer doesn't like your race? Not ok. I'm in favor of rules against it however they get applied.
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    Say no to Mulvaney!
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    Keep this needed consumer protection!
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    This rule is a fine example of laws being for those too stupid (or evil) to do the right thing. Likely it needs to remain in place.
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    Just another way to screw the vulnerable. I’m sick of this trend of this administration to repeal laws that help protect the economically vulnerable.
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    Why do we want to end fairness in pricing and financing? I for one think it should stay.
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    We need to keep this must needed regulation.
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    Is it possible that any of you complaining about loosening regulations could function without the government being responsible for everything? It seems that none of you can research a topic or make a decision without government involvement. Typical socialists.
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    Get government out of the car business.
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