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The Senate has been done with the financial reform bill since last Thursday, but supporters of exempting car dealers that facilitate loans from oversight by the proposed Consumer Financial Protection Bureau got one more chance today to promote their position, and they won big.

Sen. Sam Brownback [R, KS] is the main supporter of the exemption. He argues that, the way it's done now, dealer financing is fair and sound, and that regulating it would decrease financing access for consumers. Consumer protection groups, on the other hand, argue that auto loans -- the most common type of large loan held by Americans -- are often scammy and abusive.

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