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 "Bulletin 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts".
Sponsored By: Senator Hirono, Mazie K. [D-HI]
Introduced
Summary
Preserves CFPB protections on unfair billing and collection after certain student loan bankruptcies. This joint resolution would disapprove the Bureau of Consumer Financial Protection's rule that would withdraw the rule associated with Bulletin 2023-01, preventing that withdrawal from taking effect.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Keep student loan billing protections
If enacted, this joint resolution would disapprove a CFPB rule submitted May 12, 2025 (90 Fed. Reg. 20084). That CFPB rule sought to withdraw Bulletin 2023-01 (88 Fed. Reg. 17366, March 23, 2023) on unfair billing and collection after certain student loan bankruptcy discharges. The joint resolution would render that withdrawal rule without force or effect. If enacted, this would preserve the prior CFPB protections for affected borrowers and the creditors or collectors who handle those accounts. The change would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Hirono, Mazie K. [D-HI]
HI • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov