A Collaboration with the University of Pittsburgh

US House votes to overturn rule against racial discrimination in auto loans

[JURIST] The US House of Representatives voted [roll call] 234-175 on Tuesday to overturn a rule [text] implemented to prevent discrimination in auto lending.

Implemented in 2013 by the Consumer Financial Protection Bureau (CFRB) [official website], the rule ensures that auto lenders cannot charge higher fees to borrowers based on race, national original or credit score.

Republican lawmakers have invoked the Congressional Review Act [text] that allows Congress to get rid of regulations shortly after they are imposed.

The Senate voted [JURIST report] to repeal the rule in April. The resolution will now go to President Donald Trump for approval.

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.