SJ.Res. 156 · 119th Congress

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".

This is a congressional resolution that blocks a decision by the Consumer Financial Protection Bureau (CFPB). Here's what happened: The CFPB had created a rule to protect borrowers who take out loans before they receive paychecks or other compensation (sometimes called "paycheck advance" loans). This rule was part o…

Sponsor

Merkley, Jeff (D-Oregon)

Introduced

2026-03-26

Policy area

Finance and Financial Sector