The U.S. House of Representatives just approved H.R. 1737, entitled the “Reforming CFPB Indirect Auto Finance Act,” by a vote of 332-96. The bill was supported by all 244 Republicans and 88 of the 184 Democrats who voted. The bill nullifies CFPB Bulletin 2013-02 and requires that the CFPB satisfy certain procedural steps before issuing future guidance related to indirect auto financing.
The text of the bill, before the addition of three minor amendments, is available here.
The roll call vote can be found here.