Senate
May 13, 2026A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".
Summary
AI Generated
This bill uses a special law to block the Consumer Financial Protection Bureau (CFPB) from canceling its 2023 policy. That policy warns banks and financial companies not to use abusive tricks on customers, like taking advantage of people who don't understand fees or terms. Key impacts: Consumers win stronger rules against shady practices in loans and credit. Banks and...
Bill Progress
Committee is reviewing, marking up, or holding hearings on the bill
Introduced(3/25/26)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
RD
Mr. Durbin
Senate (D) Illinois
Topics
Issues
Latest Action
Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2271-2272)
May 13, 2026
View Bill on Congress.gov