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 "Bulletin 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts".
Referred to the House Committee on Financial Services.
Summary
The resolution rejects the Consumer Financial Protection Bureau's proposed rule that would withdraw Bulletin 2023‑01, which addressed unfair billing and collection practices after bankruptcy discharges of certain student loan debts. The rule is declared to have no legal effect. The action mainly concerns student‑loan borrowers and the CFPB's regulatory authority.
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