A 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 "Fair Credit Reporting Act; Preemption of State Laws".

This bill uses a special rule to cancel a new decision by the Consumer Financial Protection Bureau (CFPB). The CFPB rule changes how the Fair Credit Reporting Act blocks state laws on credit reports. Key impacts: Credit companies lose a uniform national rule, facing different state laws instead. States and consumers win if they like tougher local...