The GUIDANCE Act of 2026 would block 23 recent withdrawals of consumer protection rules by the Bureau of Consumer Financial Protection, effectively restoring those rules. The withdrawn rules cover critical consumer safeguards including debt collection practices, credit reporting standards, protections for military families, overdraft opt-in practices, and lending discrimination guidance. These rules, which were formally withdrawn in May 2025, addressed issues ranging from medical debt collection to deceptive marketing and unfair bank fees. By invalidating the withdrawal notices, this bill would reinstate protections affecting consumers' access to credit, credit reporting accuracy, debt collection practices, and banking services. The legislation contains no specific funding or implementation timeline beyond declaring the withdrawal rules void.
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