This resolution seeks to block a Consumer Financial Protection Bureau rule that regulates how "buy now, pay later" loans can be accessed through digital accounts under Truth in Lending laws. The rule, published in May 2024, would establish new consumer protections and disclosure requirements for the rapidly growing buy now, pay later lending industry. If passed, the resolution would nullify the regulation entirely, preventing it from taking effect. The resolution was introduced by Representatives Donalds and Hill and affects lending companies, financial technology firms, and consumers who use buy now, pay later services. The measure does not include any funding and would become effective immediately if approved by Congress and signed by the President.