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 .

The Future of the CFPB Under Trump

Thu Nov 17, 2016

Since the day it was created, Republicans have talked about dismantling or defanging the Consumer Financial Protection Bureau (CFPB). With the surprise election of Donald Trump as the next president and continued Republican control of Congress, the GOP will certainly have that chance. It won’t be easy, however.

The brainchild of then-Harvard bankruptcy professor Elizabeth Warren, the CFPB was created in the wake of the financial meltdown caused, in part, by consumer confusion and missteps when using products like complex mortgages. Among its first tasks was creating simplified documents for home sale closings. It also has taken on a host of other controversial financial products, like payday loans and private student loans.

Consumers have generally been receptive to the agency, which celebrated its fifth anniversary this summer. At the time, it said it had helped 27 million consumers get $11.7 billion in relief from financial businesses. More than 700,000 consumers had filed a complaint with the bureau. And that was before a $185 million settlement with Wells Fargo for deceptive cross-selling.

Additional Information: http://www.usatoday.com/story/money/personalfinance/2016/11/13/what-happen-cfpb-under-trump/93656502/