Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hjres-163119th CongressWALLET
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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".
Sponsored By: Representative Fields, Cleo [D-LA-6]
Introduced
Summary
Nullifies the CFPB's withdrawal of the Regulation Z "Ability-to-Repay" rule as applied to successors-in-interest. It declares the CFPB's 2025 notice withdrawing the July 17, 2014 provision has no force or effect.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Preserve mortgage borrower protections for successors
This bill would disapprove the CFPB rule published May 12, 2025 (90 Fed. Reg. 20084). That rule withdrew the CFPB's 2014 guidance (79 Fed. Reg. 41631) on successors-in-interest. If enacted, the withdrawal would have no force or effect and the 2014 guidance would remain in place. This would preserve Ability-To-Repay protections for borrowers and people who take over a mortgage. It would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Fields, Cleo [D-LA-6]
LA • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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