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 "Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements".
Sponsored By: Senator Cory Booker
Introduced
Summary
Preserve Regulation B, the Equal Credit Opportunity rule.
Show full summary
This joint resolution would nullify the Bureau of Consumer Financial Protection's rule that withdrew Regulation B and would keep the current Equal Credit Opportunity framework in place.
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Keep Equal Credit Opportunity Protections
This bill would disapprove a Bureau of Consumer Financial Protection rule. The rule sought to withdraw parts of the Equal Credit Opportunity rule (Regulation B) (87 Fed. Reg. 30097; withdrawal at 90 Fed. Reg. 20084). If enacted, the withdrawal rule would have no force or effect. Consumers who apply for or hold credit would keep Regulation B's anti-discrimination protections and limits on revoking or worsening existing credit terms. The change would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Cory Booker
NJ • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.govTake It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in