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 "Bulletin 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts".
Sponsored By: Representative Bynum, Janelle S. [D-OR-5]
Introduced
Summary
Would preserve CFPB Bulletin 2023-01 protecting borrowers from unfair billing and collection of certain student loans after bankruptcy. This bill would disapprove the Consumer Financial Protection Bureau rule that withdraws Bulletin 2023-01, so the bulletin would remain in effect.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Preserve billing protections after student loan bankruptcy
If enacted, this resolution would disapprove the CFPB rule that withdrew Bulletin 2023-01. That would make the withdrawal rule have no force or effect and preserve Bulletin 2023-01. The bulletin limits unfair billing and collection after some student loan bankruptcy discharges. The change would take effect upon enactment and mainly affect borrowers with discharged student loans and companies that bill or collect those loans.
Sponsors & CoSponsors
Sponsor
Bynum, Janelle S. [D-OR-5]
OR • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov