This joint resolution would use chapter 8 of title 5, United States Code, to disapprove a rule submitted by the Bureau of Consumer Financial Protection (CFPB). The CFPB rule at issue would withdraw a 2014 item titled "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest" (79 Fed. Reg. 41631 (July 17, 2014)). The CFPB published the withdrawal at 90 Fed. Reg. 20084 (May 12, 2025). The resolution says that the CFPB's withdrawal "shall have no force or effect." The resolution was introduced by Representative Cleo Fields and referred to the House Committee on Financial Services on April 30, 2026.
If passed by both chambers and enacted, the resolution would make the CFPB's rule that withdraws the 2014 guidance invalid. The bill text does not state any further steps or explain whether the 2014 guidance is restored or how other agencies or parties must treat it.
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