Sen. Warren Goes it Alone in Her War on Auto Dealers
The WasteWatcher
Sen. Warren is having trouble getting anyone to support her war on auto dealer lending. A June 1, 2015 Politico article stated that Warren has been actively trying to garner cosponsors for legislation that attempts to bring the auto finance industry under the Consumer Financial Protection Bureau's regulatory jurisdiction. The only problem? Even her fellow Democratic senators on the Banking Committee are reluctant to go along with her.
Citizens Against Government Wast has been extremely vocal in pointing out the lack of evidence behind Sen. Warren's and others' claims that auto dealers are engaging in discriminatory lending practices. It is our hope that her misguided efforts continue to gain no traction among her colleagues.