SJRES. 128Introduced
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 the withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions".
Disapproves the CFPB rule that withdrew guidance on unlawful and unenforceable contract terms, thereby reinstating that consumer financial protection circular
Plain-English overview
What this bill does
Disapproves the CFPB rule that withdrew guidance on unlawful and unenforceable contract terms, thereby reinstating that consumer financial protection circular
Key points
- Repeal withdrawal rule
- Reinstate CFPB contract guidance
Current status
Where it stands
Status
Introduced
Latest action
2026-05-13 — Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270-2271)
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauContracts and agencyFinance and Financial Sector