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 2022-07: Reasonable Investigation of Consumer Reporting Disputes".
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Committee
Latest Action · May 11, 2026
Referred to the House Committee on Financial Services.
This joint resolution would block the Consumer Financial Protection Bureau from withdrawing a 2022 rule that required credit reporting agencies to conduct reasonable investigations into consumer disputes about their credit reports. The resolution uses Congress's authority under federal law to disapprove regulations, effectively nullifying the CFPB's decision to rescind the consumer protection measure. If approved by both chambers and signed into law, the rule requiring investigation of disputes would remain in effect, preventing credit bureaus from simply dismissing consumer challenges to inaccurate information. This resolution primarily affects credit reporting agencies like Equifax, Experian, and TransUnion, as well as consumers who may have disputes on their credit files. The measure was introduced in May 2026 and referred to the House Financial Services Committee, with no specific funding requirements or implementation timeline specified in the legislation.
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