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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".
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Committee
Latest Action · March 25, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This joint resolution uses Congress's power to disapprove federal regulations to block a 2025 rule by the Consumer Financial Protection Bureau (CFPB) that withdrew an earlier 2014 rule about mortgage lending standards. The earlier rule addressed how lenders must evaluate borrowers' ability to repay mortgages in certain situations involving successors-in-interest—typically when someone inherits or takes over responsibility for an existing mortgage. By passing this disapproval resolution, Congress would prevent the CFPB's withdrawal from taking effect, keeping the original protections in place. The resolution was introduced in March 2026 and referred to the Senate Banking Committee. No specific funding or timeline is mentioned, as this is a procedural measure to block a regulatory change rather than a spending bill or program authorization.
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