Don’t Let Auto Dealers Sell You a Lemon


The National Auto Dealer Association (NADA) is promoting a loophole that exempts auto dealers from the rules and jurisdiction of the Consumer Financial Protection Bureau (CFPB), established by the Restoring American Financial Stability Act of 2010 (S. 3217). We should not let NADA sell us a lemon. This document presents the facts on why a CFPB must cover all consumer financial transactions and how it can do so without creating a new layer of bureaucracy.


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