This joint resolution would disapprove a rule submitted by the Bureau of Consumer Financial Protection (CFPB) that would withdraw an earlier CFPB rule titled "The Fair Credit Reporting Act's Limited Preemption of State Laws" (87 Fed. Reg. 41042, July 11, 2022). The resolution says the CFPB's withdrawal (90 Fed. Reg. 20084, May 12, 2025) would have no force or effect.
If passed, the resolution would stop the CFPB's 2025 withdrawal from taking effect. That would leave the 2022 CFPB preemption rule in place and unchanged. The provided text does not say how any person or business would be affected in detail.
No publicly available information.
The joint resolution was introduced by Representative Maxine Waters and referred to the House Committee on Financial Services. The provided text does not include a statement of reasons or additional supporter arguments.
No publicly available information.