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 2015-07 re: in-person collection of consumer debt".
Summary
AI Summary
This joint resolution, introduced under the Congressional Review Act, aims to nullify a specific action taken by the Bureau of Consumer Financial Protection (CFPB). The resolution targets the CFPB's rule that sought to withdraw its earlier guidance, Bulletin 2015-07, concerning the in-person collection of consumer debt.
By disapproving this withdrawal rule, Congress intends to ensure that Bulletin 2015-07 remains in force. If passed, the CFPB's attempt to remove the guidance on in-person debt collection would be rendered ineffective, maintaining the existing regulatory framework for such practices.
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Bill texts
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Timeline
Latest companion bill action
SJRES-162: 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 2015-07 re: in-person collection of consumer debt".Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Referred to the House Committee on Financial Services.
House of Representatives
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