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 "Bulletin 2015-07 re: in-person collection of consumer debt".
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
The Senate joint resolution aims to nullify a Consumer Financial Protection Bureau rule that would undo a 2015 guidance on how debt collectors may meet borrowers in person. If the resolution passes, the rule would have no legal effect, leaving the original guidance unchanged. This affects debt collectors, borrowers, and the CFPB’s ability to change the rule.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when SJRES 162 changes status, plus AI-powered summaries and stage predictions.
Sign up free