The House voted Tuesday to undo an Obama-era crackdown on discriminatory auto lending, setting a new precedent for cutting regulations established by the Democratic administration.

Yet the maneuver the GOP used to strike down the auto lending policy is so untested that the vote's ultimate impact on the $1.2 trillion auto lending market is uncertain and part of a brewing legal debate.

Christopher Willis, a partner with the firm, argued that congressional disapproval meant that Congress has ruled out the legal theory the CFPB was using—that lenders could be held liable for loans arranged by auto dealers for which minorities were thought to be disproportionately overcharged.

"The point is, Congress has said this rule doesn't exist—we have invalidated this rule. The disapproval has to mean something," said Willis.

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