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 "Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes".
Sponsored By: Representative Garcia, Sylvia R. [D-TX-29]
Introduced
Summary
Preserves CFPB guidance on reasonable consumer reporting investigations. This joint resolution disapproves the Bureau of Consumer Financial Protection rule that would withdraw Consumer Financial Protection Circular 2022-07, preventing that withdrawal and keeping the 2022 circular's guidance on how consumer reporting disputes should be investigated.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Keep CFPB guidance for consumers
If enacted, this resolution would disapprove the CFPB rule published at 90 Fed. Reg. 20084 (May 12, 2025). That rule would withdraw Consumer Financial Protection Circular 2022-07 (87 Fed. Reg. 71507 (November 23, 2022)). Disapproval would make the withdrawal rule have no force or effect and would preserve the 2022 circular's guidance on reasonable investigations of consumer reporting disputes upon enactment. The resolution would not create new funding, programs, or new guidance beyond preserving the 2022 circular.
Sponsors & CoSponsors
Sponsor
Garcia, Sylvia R. [D-TX-29]
TX • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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