A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".
Sponsored By: Senator Ron Wyden
Introduced
Summary
Would disapprove the CFPB's withdrawal of the Fair Credit Reporting Act rule on permissible purposes for furnishing, using, and obtaining consumer reports. This bill would nullify that withdrawal and provide that the CFPB's withdrawal would have no force or effect.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Keep CFPB 2022 credit-report rule
If enacted, this joint resolution would disapprove the CFPB rule published May 12, 2025 that withdraws the 2022 consumer-reporting rule. That would mean the CFPB's July 12, 2022 rule (87 Fed. Reg. 41243) about permissible purposes for furnishing, using, and obtaining consumer reports would remain in force. Consumers, consumer reporting agencies, furnishers, and businesses that obtain or use consumer reports would continue to follow the 2022 requirements.
Sponsors & CoSponsors
Sponsor
Ron Wyden
OR • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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