This bill cancels a May 12, 2025 CFPB action that would have withdrawn many prior guidance documents and rules. The bill says the rule submitted on May 12, 2025 that withdrew those items "shall have no force or effect." It lists 23 specific guidance documents, circulars, bulletins, and rules that are covered. By removing the withdrawal rule, the listed CFPB guidance and rules remain in effect.
If you are a consumer, a lender, a bank, a credit reporting agency, or another business covered by CFPB rules, the specific guidance and rules named in the bill continue to apply. The listed items cover topics such as credit reporting, debt collection, overdraft opt-in practices, mortgage contract rules, and whistleblower protections.
No publicly available information on federal costs or budget effects is included in the bill text or metadata.
No publicly available information explaining supporters' reasons or expected benefits is included in the bill text or metadata.
No publicly available information explaining opponents' reasons or expected harms is included in the bill text or metadata.