August 2017

Position SJRes47

December 2014

• See comments NIADA filed with the CFPB on their proposed larger participant rule for the automobile financing market.
  There are three things that we highlighted:
  1.) We encourage the CFPB to consider a threshold of 50,000 originations in a calendar year, as opposed to 10,000, but definitely not 5,000 – a number they once considered. Any non-bank entity engaged in lending to consumers for purchase/leasing an automobile, refinances an automobile loan, or acquires those loans will be subject to supervision if they originate more than 10,000 a year. We suggest that 50,000 is a more appropriate number.
  2.) We encourage the CFPB to not include automobile title lending in the definition of automobile financing as it is a separate financial product.
  3.) We challenge the CFPB on their attempt to distinguish BHPH dealers from other automobile lending sources. We are glad BHPH dealers are exempted from this rule, but we challenge the CFPB’s reservation of rights to pass a BHPH specific rule in the future.

March 2014

• NIADA Provides Advance Notice Comments to CFPB

January 2014

• NIADA Responds to CFPB’s Semi-Annual Report to Congress

March 2013

• CFPB Bulletin 2013: Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act
  

July 2012

• July 2012 - Comments to CFPB rule on nonbank supervision based on risk determination
  

April 2012

• Help NIADA & IADAC Stop Assembly Bill 1447

  • Click here to see NIADA's Official Letter in opposition to CA AB 1447

March 2012

• Help NIADA & IADAC Stop CA Senate Bill 956

January 2012

• NIADA Names New Legislative Counsel

June 2010

• Consumer Financial Reform Bill (T10)
• Counteroffer Points
• Signed Letter to Rep. Barney Frank
• NIADA Legislative Alert:  Dealers Exempted from More Oversight
• Vote Today Could Overturn Dealer Exemption

May 2010

• Brownback Amendment #3789 Further Modified
• Brownback Motion to Instruct Conferees
• Brownback Letter to Under Secretary of Defense Clifford L. Stanley
• Senate Sides with Dealers and Votes to Accept the Brownback Motion ( May 25, 2010)
• Brownback amendment was not included in the Senate financial reform bill. Now goes to a conference committee who will try to reconcile differences between the Senate and the House versions.
• NIADA Legislative Alert: Members Urged to contact their Senators as Misinformation Campaign Against Brownback Amendment Grows

April 2010

• Amendment to the Financial Reform Bill Text - Chairman's Mark Offered by Sen. Brownback
• Memorandum to NIADA Members to support the Brownback Auto Dealer Amendment to the Financial Regulation Bill
• Letter to President Barak Obama
  

October 14, 2009

• Campbell Amendment to the Consumer Financial Protection Agency Bill
  

September 24, 2009

• Consumer Financial Protection Agency (CFPA) Bill
  

September 23, 2009

• NIADA Legislative Affairs Committee
  

SBA Floor Plan Program

The U.S. Small Business Administration is committed to providing small businesses with the tools and resources they need to survive in the current economic climate.  Through the Dealer Floor Plan (DFP) financing pilot program, SBA offers government-guaranteed loans to finance inventory for eligible auto, recreational vehicle, boat, manufactured home and other dealerships.

• Program Overview
• Frequently Asked Questions