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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".

Summary

The House resolution disapproves a Consumer Financial Protection Bureau rule that would have removed a regulation covering how the Ability‑to‑Repay requirement under Regulation Z applies when a loan is transferred to a successor‑in‑interest. By invoking the Congressional Review Act, the resolution makes that withdrawal rule have no legal effect, keeping the original requirement in place. It impacts lenders, borrowers, and the CFPB’s authority over the rule.

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