Congress likely to repeal consumer protection regulation for auto loans

18 Apr
Auto loanAn Obama-era regulation designed to prevent unnecessary interest-rate hikes on auto loans may be gone soon. On Tuesday, the Senate approved a resolution to repeal guidance issued by the Consumer Financial Protection Bureau in 2013 designed to keep lenders from disproportionately charging minorities more for car loans. The measure is headed next to...

Congress keeps self-driving big rigs in the slow lane (but for how long?)

1 Aug
Mercedes-Benz Future Truck 2025 concept, 2014 Hannover Commercial Vehicle ShowThere are certain things that most Americans agree on nowadays. For example: Global warming is real and is caused by human activities. Smoking and second-hand smoke are both harmful. Congress is a complete and utter crapfest. Another thing we accept: autonomous cars are coming, whether we like it or not. (And no, some folks do not like it at all.)...

Congress kills border tax that could have piled thousands on to new car prices

27 Jul
Workers assemble a Fiat 500 in Toluca, MexicoCongressional leaders have signaled that they will scrap a border tax on incoming goods, including cars, as part of a larger tax overhaul proposal. "While we have debated the pro-growth benefits of border adjustability, we appreciate that there are many unknowns associated with it and have decided to set this policy aside in order to advance tax...