(NNPA)—When it comes to public policy, most citizens tend to think in terms of what government can accomplish on their behalf. Multiple civil rights laws and the Americans with Disabilities Act are but a few such examples. There is also another side to public policy reforms: attempts to rollback or take away regulations that are often favored by industry and championed on Capitol Hill by paid lobbyists.
Just last week, a U.S. House committee moved a bill that will stop the Consumer Financial Protection Bureau from taking action against discriminatory practices in auto lending. This legislative development is an example of how Washington often responds to industry and its lobbyists.
The proposed rollback in consumer protection in auto financing has the support of more than 170 Members of Congress, including a number of Democrats. H.R. 1737, co-sponsored by House Members Frank Guinta, R-N.H., and Ed Perlmutter, D-Colorado, recently passed in the House Financial Services Committee.
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