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 "Debt Collection Practices (Regulation F); Pay-to-Pay Fees".
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Summary
This joint resolution uses the Congressional Review Act to disapprove a Bureau of Consumer Financial Protection rule that withdrew a prior regulation on debt collection practices, specifically addressing pay-to-pay fees. If passed, the disapproval would prevent the withdrawal from taking effect, effectively reinstating the debt collection regulation. The resolution invokes the expedited legislative process under 5 U.S.C. Chapter 8, which allows Congress to overturn agency rules.
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