Auto dealers win nonbinding carve-out in Wall St bill

Newswire

WASHINGTON, May 24 (Reuters) - The U.S. Senate on Monday approved a nonbinding measure that aims to exempt automobile dealers from new consumer-protection provisions in a sweeping rewrite of financial regulations. The resolution, which passed by a vote of 60 to 30, gives auto dealers a symbolic victory before lawmakers iron out differences between the House and Senate versions of the bill. The House bill includes the carve-out for auto dealers, but the Senate bill does not. The ...

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