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 2023-01: Unlawful Negative Option Marketing Practices".
Sponsored By: Representative Bynum, Janelle S. [D-OR-5]
Introduced
Summary
Preserves the Consumer Financial Protection Circular 2023-01 on unlawful negative-option marketing practices. This joint resolution would disapprove the CFPB rule that withdraws Circular 2023-01, leaving the Circular in effect in its prior form.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Keep CFPB subscription protections
If enacted, this joint resolution would disapprove the CFPB rule that withdrew Consumer Financial Protection Circular 2023-01. The disapproved withdrawal rule is the one published at 90 Fed. Reg. 20086 (May 12, 2025). That would leave Circular 2023-01 as published at 88 Fed. Reg. 5727 (January 30, 2023) in place. Consumers and businesses would continue to be subject to the circular's rules against unlawful negative-option marketing, like hidden subscription renewals, unless a later rule or law changes that status.
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.
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