Sec. 734. Reforming indirect auto financing guidance
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Bulletin 2013–02 of the Bureau of Consumer Financial Protection (published March 21, 2013) shall have no force or effect. Section 1022(b) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5512(b) ), as amended by section 721, is further amended by adding at the end the following: In proposing and issuing guidance primarily related to indirect auto financing, the Agency shall— provide for a public notice and comment period before issuing the guidance in final form; make available to the public, including on the website of the Agency, all studies, data, methodologies, analyses, and other information relied on by the Agency in preparing such guidance; redact any information that is exempt from disclosure under paragraph (3), (4), (6), (7), or
(8)of section 552(b) of title 5, United States Code; consult with the Board of Governors of the Federal Reserve System, the Federal Trade Commission, and the Department of Justice; and conduct a study on the costs and impacts of such guidance to consumers and women-owned, minority-owned, veteran-owned, and small businesses, including consumers and small businesses in rural areas. . Nothing in this section shall be construed to apply to guidance issued by the Consumer Law Enforcement Agency that is not primarily related to indirect auto financing.
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Sec. 734
Reforming indirect auto financing guidance
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