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Trump signs bill blocking consumer bureau auto-lending measure

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President Donald Trump today signed legislation that will undo a 2013 effort by the Consumer Financial Protection Bureau to discourage discrimination in auto lending.

Guidelines issued by the consumer bureau outlined steps that lenders should take to address discrimination by auto dealers, who often determine the terms for car loans that they help facilitate for their customers. The CFPB guidance was addressed to lenders that fall under the bureau’s jurisdiction.

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