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 "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".
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Committee
Latest Action · March 26, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This joint resolution would block the Consumer Financial Protection Bureau from withdrawing an existing rule that regulates credit products offered to workers before they receive their paychecks. The underlying rule, known as part of Truth in Lending Regulation Z, requires lenders to follow specific disclosure and protection standards when offering these "earned wage advance" or payroll advance products to borrowers. By passing this resolution, Congress would prevent the CFPB from eliminating these consumer protections and keep the original lending regulations in place. The resolution affects workers who use payroll advance services and the companies that provide these financial products, ensuring they must continue to comply with federal lending disclosure requirements. The resolution was introduced in March 2026 and placed on the Senate calendar in April 2026, with no specific funding provisions since it simply blocks a regulatory change.
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