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 "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".
On calendar: it can still change before the session ends.
- Stage
- On calendar
- Started in
- Senate
- Sponsor
- 1
- Latest action
- May 13, 2026
What it does
This joint resolution seeks to disapprove a rule issued by the Bureau of Consumer Financial Protection that withdrew a prior regulation concerning Truth in Lending (Regulation Z) for consumer credit offered to borrowers in advance of expected compensation for work. If enacted, the resolution would nullify the Bureau’s withdrawal rule, meaning the original Truth in Lending regulation would remain in effect. The measure affects payday lenders and similar short-term credit providers, as well as consumers who rely on such credit products, by preserving existing disclosure and fairness requirements under Regulation Z. The Senate rejected a motion to proceed with consideration of the resolution…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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Where it goes next
While a bill can still move, the questions are about people and money.