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119-sjres-156119th Congress

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 "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".

Sponsored By: Senator Merkley, Jeff [D-OR]

In Committee

Summary

Blocks the CFPB’s withdrawal of Regulation Z protections for consumer credit offered in advance of expected pay. This resolution would nullify the Consumer Financial Protection Bureau rule that withdraws the Truth in Lending (Regulation Z) provisions covering credit advanced to borrowers against expected compensation for work, preserving the existing Regulation Z rules.

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Bill Overview

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Sponsors & CoSponsors

Sponsor

Merkley, Jeff [D-OR]

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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