CFPA - Vanilla, States, Auto dealers, and small banks

Well, the CFPA has moved through the House Financial Services Committee, with 4 compromises from the initial Administration Backed blue-prints

1. "Vanilla" is out
2. States cannot pre-empt the Feds with stronger regulation - well, atleast not blantently
3. Auto Dealers who offer financing are not covered
4. Small banks, defined as under $10B in Assets, will be exempt from regular CFPA "visits"