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 "Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans".

This joint resolution aims to invoke the Congressional Review Act to disapprove a specific rule issued by the Bureau of Consumer Financial Protection (BCFP). The targeted BCFP rule concerns the withdrawal of a previous regulation. This prior regulation had established guidelines under Truth in Lending (Regulation Z) for the use of digital user accounts to access Buy Now, Pay Later (BNPL) loans . By passing this resolution, Congress seeks to nullify the BCFP's action of withdrawing the original BNPL rule. If enacted, the BCFP's withdrawal rule would have no force or effect , effectively ensuring that the original regulatory provisions for BNPL loans under Regulation Z remain in place.