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 "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".
Referred to the House Committee on Financial Services.
Summary
The joint resolution introduced by Rep. Brittany Pettersen asks Congress to disapprove the Consumer Financial Protection Bureau’s decision to withdraw the Fair Credit Reporting rule on permissible purposes. If adopted, the withdrawal would have no legal effect, keeping the original consumer‑protection requirements in place. The measure impacts consumers, credit bureaus, and any entities that furnish or use consumer reports.
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