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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".
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Summary
This joint resolution disapproves a rule by the Bureau of Consumer Financial Protection that would withdraw a prior rule on the application of Regulation Z's ability-to-repay requirements to certain situations involving successors-in-interest on mortgages. Under the Congressional Review Act, if passed, the disapproval would prevent the CFPB's withdrawal rule from taking effect and reinstate the prior protections.
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