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Old 04-18-2018, 07:17 PM
 
37,315 posts, read 59,903,112 times
Reputation: 25341

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http://thehill.com/policy/finance/38...-loan-guidance

Voted to repeal the Consumer Finance Protection Bureau guidelines to inform people buying cars
Yeah---GOP
Make us aware of how much you really care about the average working men and women of America!!

Let them run on THAT benefit to Americans in 2018....
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Old 04-18-2018, 07:43 PM
 
26,694 posts, read 14,579,129 times
Reputation: 8094
How does it screw the consumers?
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Old 04-18-2018, 07:56 PM
 
34,300 posts, read 15,668,712 times
Reputation: 13053
Billions of autos ownership transferred prior to the Consumer Finance Protection Bureau.

Government overreach.
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Old 04-18-2018, 07:57 PM
 
45,241 posts, read 26,470,793 times
Reputation: 24998
The entire agency should be repealed.
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Old 04-18-2018, 08:03 PM
 
Location: The Republic of Texas
78,863 posts, read 46,663,022 times
Reputation: 18521
Quote:
Originally Posted by loves2read View Post
http://thehill.com/policy/finance/38...-loan-guidance

Voted to repeal the Consumer Finance Protection Bureau guidelines to inform people buying cars
Yeah---GOP
Make us aware of how much you really care about the average working men and women of America!!

Let them run on THAT benefit to Americans in 2018....


Isn't the CFPB just a slush fund, `ol Pocahontas is involved with?
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Old 04-18-2018, 08:04 PM
 
37,315 posts, read 59,903,112 times
Reputation: 25341
Quote:
Originally Posted by phma View Post
Billions of autos ownership transferred prior to the Consumer Finance Protection Bureau.

Government overreach.
For those too lazy to read the link's article I include its analysis below my comment.

Of course they did--and many of them were prejudicial to minorities
Government overreach is when political party in power undoes laws and policies that protect any group of Americans from being taken advantage of--so that a "protected class" in this case car dealers make more money...
Especially w/o full disclosure...
Moderator cut: Copyright violation, the first post has a link

Last edited by Oldhag1; 04-19-2018 at 04:11 AM..
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Old 04-18-2018, 08:14 PM
 
Location: DFW
40,954 posts, read 49,221,262 times
Reputation: 55008
Quote:
Originally Posted by loves2read View Post
For those too lazy to read the link's article I include its analysis below my comment.

...and I thought you were too lazy to quote the article in your OP.

If Obama and Clinton had not lost all 3 branches of the Govt you would not have any problem. When you take all 3 Branches back, Dems can reinstate the law.

"Elections have consequences" ... Barrack Obama
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Old 04-18-2018, 08:47 PM
 
Location: Houston
26,979 posts, read 15,902,520 times
Reputation: 11259
glad I aint stupid or this change might harm me.


get financing before going to the dealer.
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Old 04-18-2018, 09:04 PM
 
Location: London
12,275 posts, read 7,147,065 times
Reputation: 13661
Quote:
Originally Posted by whogo View Post
glad I aint stupid or this change might harm me.


get financing before going to the dealer.
Or better yet, they should buy a car they can actually afford in full.

Getting an interest-bearing loan on a depreciating asset...absolutely stupid.
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Old 04-18-2018, 09:15 PM
 
1,704 posts, read 750,321 times
Reputation: 827
Quote:
Originally Posted by whogo View Post
glad I aint stupid or this change might harm me.


get financing before going to the dealer.
Quote:
Originally Posted by ohhwanderlust View Post
Or better yet, they should buy a car they can actually afford in full.

Getting an interest-bearing loan on a depreciating asset...absolutely stupid.
So you guys are actually advocating for, or supporting legislation that would NOT protect consumers?

You're actually for the repeal of the CFPB decree?

Unless you're particularly cruel or perhaps you endorse those who would take financial advantage of others, why in the world would you want to repeal a decree that protects consumers?

Last edited by zeliner; 04-18-2018 at 09:27 PM..
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