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 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".

Summary

The joint resolution directs Congress to disapprove a rule the Consumer Financial Protection Bureau submitted that would withdraw its "Statement of Policy Regarding Prohibition on Abusive Acts or Practices." If approved, the rule would have no legal effect. The measure targets the CFPB’s rulemaking authority and aims to keep the original consumer‑protection policy in force.

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