Disapprove CFPB Withdrawal of Bulletin

Summary#

This joint resolution (H.J. Res. 182), introduced by Representative Janelle Bynum and referred to the House Committee on Financial Services, would disapprove a rule submitted by the Consumer Financial Protection Bureau (CFPB). The CFPB rule being disapproved relates to the withdrawal of an earlier rule connected to "Bulletin 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts." The resolution states the submitted withdrawal rule "shall have no force or effect."

What it means for you#

If enacted, this resolution would declare that the CFPB rule that sought to withdraw the earlier Bulletin-related rule has no legal force. No publicly available information about other legal or practical changes is included in the text of the resolution.

Expenses#

No publicly available information.

Proponents' View#

No publicly available information about proponents' arguments. Sponsor: Representative Janelle Bynum.

Opponents' View#

No publicly available information about opponents' arguments.