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 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".
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Committee
Latest Action · March 25, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1617)
This joint resolution uses Congress's authority under the Congressional Review Act to block a rule change by the Consumer Financial Protection Bureau (CFPB). The CFPB had withdrawn its 2023 policy statement that prohibited certain abusive practices by financial companies, but this resolution would restore that consumer protection policy by nullifying the CFPB's withdrawal. The resolution affects consumers who use financial services and the banks, lenders, and other financial institutions that serve them. If passed by both chambers of Congress, the resolution would reinstate the CFPB's guidance on what constitutes abusive financial practices, giving the agency clearer authority to take enforcement actions against companies that harm consumers. The resolution was introduced in March 2026 and moved to the Senate calendar in April 2026 after being discharged from committee.
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