GUIDANCE Act of 2026

This bill aims to reinstate a comprehensive set of consumer protection rules and guidance previously established by the Bureau of Consumer Financial Protection (CFPB). It achieves this by declaring null and void specific CFPB rules issued on May 12, 2025, which had withdrawn these earlier consumer safeguards. This legislative action effectively restores a wide array of protections across various financial services. The reinstated provisions cover critical areas such as fair credit reporting , including preemption of state laws and permissible purposes for consumer reports. They also address consumer data protection, protections for active-duty servicemembers , and guidance on debt collection practices , particularly concerning medical debt. Other restored safeguards relate to improper overdraft opt-in practices, whistleblower protections, preventing lending discrimination , and consumer protections for home sales financed under contracts for deed. By nullifying the CFPB's withdrawals, this legislation seeks to strengthen consumer safeguards by reversing recent deregulatory actions.