RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Legislation Mounts to Limit CFPB's Auto Lending Stance

Fri Sep 23, 2016

With multiple bills seeking to limit the Consumer Financial Protection Bureau’s auto lending guidance scattered across legislators’ desks, something’s got to give.

One of the bills, the Financial Choice Act, passed the House Financial Services Committee 30-26 last week. It’s the third piece of legislation Congress has seen that would change the Consumer Financial Protection Bureau’s role in the auto finance market.

The Financial Choice Act, which now heads to the full House of Representatives for approval, aims to end bailouts for big banks, toughen penalties for wrongdoing on Wall Street, promote economic growth and provide regulatory relief for small community banks and credit unions, the committee says in a statement.

Additional Information: http://www.autonews.com/article/20160921/BLOG13/160929983/as-anti-cfpb-legislation-grows-so-does-opportunity-for-fair-solutions?cciid=email-autonews-daily