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U.S. Consumer Financial Protection Bureau

Congress serves car buyers a real turkey on loans

Welcome back from Thanksgiving break, and I hope you had a good one. I also hope you guys passed on the entree known as "turducken," a Cajun dish involving a turkey wrapped around a duck wrapped around a chicken, with three different stuffings. We tried it in the Funny Money household -- and, while anything involving roasted poultry, stuffing and gravy will be good, it was more of a "meh-ducken."

But that wasn't nearly as stomach-churning as the rancid bird the U.S. House of Representatives served American car buyers one day before the holiday recess in the form of the "Reforming CFPB Indirect Auto Financing Guidance Act." The name makes perfect sense...