NIADA will continue working with the Committee to ensure the CFPB is appropriately calibrated, with clear limits on its authority and a continued focus on its core mission and statutory mandate.<\/p>\n
On August 19, NIADA submitted a comment letter to the House Committee on Financial Services in response to its request for feedback on draft legislation to reform the Consumer Financial Protection Bureau (CFPB).<\/p>\n\n\n\n
Among NIADA’s key recommendations: a complete statutory carveout under Section 1029 of Dodd-Frank for all licensed automobile dealers; replacing the CFPB’s single-director structure with a bipartisan commission; requiring any future novel interpretations of statutes or regulations to adhere to the rigorous standards of the Administrative Procedure Act; and establishing appropriate guardrails around the CFPB’s market-monitoring authority to prevent it from becoming a backdoor mechanism for collecting proprietary industry information without a legitimate purpose or using that information as the basis for enforcement actions.<\/p>\n\n\n\n
NIADA’s full comment letter can be viewed here<\/a>.<\/p>\n\n\n\n NIADA will continue working with the Committee to ensure the CFPB is appropriately calibrated, with clear limits on its authority and a continued focus on its core mission and statutory mandate.<\/p>\n
![\"\"](\"https:\/\/niada.com\/dashboard\/wp-content\/uploads\/sites\/2\/2026\/01\/NIADA-Banner-0626-970x66px.png\")
<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"On August 19, NIADA submitted a comment letter to the House Committee on Financial Services in response to…\n","protected":false},"author":1,"featured_media":2685,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3,10],"tags":[],"class_list":["post-7733","post","type-post","status-publish","format-standard","has-post-thumbnail","category-industry","category-advocacy","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/7733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/comments?post=7733"}],"version-history":[{"count":3,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/7733\/revisions"}],"predecessor-version":[{"id":7739,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/7733\/revisions\/7739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media\/2685"}],"wp:attachment":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media?parent=7733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=7733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=7733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}