Industry News

From Today’s NADA headlines

NADA to House: Repeal CFPB's Flawed Guidance on Auto Lending

The National Automobile Dealers Association (NADA) today urged members of the U.S. House Financial Services Committee to pass H.R. 1737 ...
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CFPB Spurns Request for Internal Auto Loan Memo

The Consumer Financial Protection Bureau has denied a trade group's request for a document detailing internal agency discussions ...
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Senate GOP Bill Would Hike Recall Fines to $105 Million

The Senate’s top Republican introduced legislation to triple the maximum fines for delayed auto recalls to $105 million ...
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Top Issues

Latest NADA Initiatives

Bipartisan House Bill Seeks to Thwart CFPB's Attack on Auto Financing

NADA applauds the continued bipartisan efforts in Congress to rescind a flawed guidance from the Consumer Financial Protection Bureau (CFPB) that would harm consumers by limiting their ability to obtain discounted auto financing. Reps. Frank Guinta (R-N.H.) and Ed Perlmutter (D-Colo.) have introduced H.R. 1737, the Reforming CFPB Indirect Auto Financing Guidance Act of 2015. The legislation would repeal a CFPB bulletin from 2013 that was designed to pressure lending institutions into eliminating the availability of auto financing discounts. These discounts save consumers millions of dollars every year. With the CFPB's actions likely to raise the cost of credit for car buyers, Congress should pass H.R. 1737 to rescind the CFPB's flawed auto finance guidance and make the Bureau more transparent and accountable when issuing future auto finance guidance.

The Benefits of Franchised Auto Dealers

The current franchised new-car dealer model has benefited consumers, manufacturers and local communities for nearly a century. NADA's "Get the Facts" page sets the record straight about the benefits of the franchise system for consumers and local communities all over America.

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