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119-sjres-154119th CongressWALLET

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 Booker, Cory A. [D-NJ]

In Committee

Summary

Would disapprove the CFPB's withdrawal of a Regulation B rule on Equal Credit Opportunity.

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The resolution would declare that CFPB rule to have no force or effect.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Keep credit protections for borrowers

If enacted, this joint resolution would disapprove the CFPB rule published at 90 Fed. Reg. 20084 (May 12, 2025). That CFPB rule withdrew an earlier Regulation B rule published at 87 Fed. Reg. 30097 (May 18, 2022) about revocations or unfavorable changes to existing credit terms. If passed, the disapproval would mean the CFPB withdrawal would have no force or effect and the earlier Regulation B protections would remain in place. Consumers with existing credit accounts would keep those protections against revocations or bad changes to credit terms.

Sponsors & CoSponsors

Sponsor

Booker, Cory A. [D-NJ]

NJ • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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