National Automobile Dealers Association

The Consumer Financial Protection Bureau (CFPB) and Dealer-Assisted Financing

Support a Bipartisan Effort to Reform the CFPB's Auto Finance Guidance — Cosponsor H.R. 5403

Contact your representative
Ask your Representative to cosponsor "The Reforming CFPB Indirect Auto Financing Guidance Act"

Learn more about NADA's Grassroots Resources


H.R. 5403  The Reforming CFPB Indirect Auto Financing Guidance Act

NADA Fair Credit Program

Quick reference materials for policymakers:

  NADA supports H.R. 5403

  Section-by-section bill analysis

  Bill text

  List of bill cosponsors 
NADA's voluntary program is designed to strengthen a dealer's ability to comply with fair credit laws while preserving the competitive benefits of dealer-assisted financing.

  At a glance

  Full program

  Additional program resources

 Supporting documents:

Background on the CFPB
CFPB Guidance (March 2013)
Letters from Congress to CFPB
NADA testimony on Capitol Hill (April 2014)
Infographic: How dealer-assisted financing works
"The Fallacy of Flats"
NADA rebuts inaccurate Center for Responsible Lending (CRL) reports:

2014: CRL admits its methodology is flawed

2011: CRL report contains significant factual errors

For more information, contact us via email or by calling (202) 547-5500 or (800) 563-1556.