Federal legislation has an enormous impact on America's dealerships. That is why AIADA works to increase awareness in the government and the public about the international nameplate automobile industry's value to the U.S. economy. We focus our lobbying efforts on federal issues impacting America's international nameplate automobile dealers, including trade and anti-competitive restrictions that limit the availability of international nameplate automobiles; full repeal of the Death Tax, protection of the LIFO method and other tax measures; regulatory overreach by federal agencies such as the CFPB; energy and fuel economy policies that give the consumer more choice; opposition to card check legislation or regulatory efforts that would take away the secret ballot election in the unionization process; and other industry-related issues.
In March of 2013, the CFPB issued guidance to indirect auto lenders - without prior notice or an opportunity for public comment - stating that the long-standing practice of discretionary pricing of auto financing at the dealer level may have an unintentional but still unlawful “disparate impact” on protected classes of consumers. Additionally, without studying the impact of their guidance on indirect auto lending to consumers and to the market and without sharing their statistical process and data, the CFPB advised indirect lenders that “eliminating dealer discretion” – the ability of dealerships to discount the interest rate they offer their customers – would limit the lenders’ exposure to being sued by the CFPB for unintentional discrimination. Legislation to reform the CFPB has been introduced in Congress and made its way through the House of Representatives in February of 2014. The Consumer Financial Freedom and Washington Accountability Act of 2013, H.R. 3193, would restore the traditional government “checks and balances”. AIADA supports H.R. 3193 and its goals to bring the CFPB into the oversight and appropriations process of Congress.
Fair Credit Compliance for Dealers: In response to the actions taken by the CFPF the National Automobile Dealers Association launched an optional program designed to strengthen a dealer's ability to comply with fair credit laws while preserving the competitive benefits of dealer-assisted financing, THE FAIR CREDIT COMPLIANCE POLICY AND PROGRAM.
AIADA and the National Association of Minority Automobile Dealers (NAMAD) joined with NADA in their announcement of the plan and continue to support NADA’s efforts on this program. Read the COVER MEMO from AIADA, NADA, and NAMAD announcing the release of The Fair Credit Compliance Policy and Program.
Whenever possible, AIADA seeks to develop strategic alliances with related organizations to achieve our mission of protecting the interests of America's international automobile dealers. Whether hosting an event, signing onto a letter, or helping influence legislation in other ways, we are actively involved with numerous like-minded organizations in and around Washington, D.C.
Here are a few of the groups with whom we currently work: