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 "Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements".
Bill Summary
Repeals a rule from the Bureau of Consumer Financial Protection that allowed lenders to make unfavorable changes to existing credit arrangements without proper notice. Requires lenders to follow previous rules regarding equal credit opportunities.
Sponsored By
Bill Journey
- Apr 30, 2026
- Apr 30, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects consumers with existing credit arrangements, potentially protecting them from unfavorable changes to their credit terms. It also impacts lenders, who may need to revert to previous practices for notifying and treating customers.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
- Retail
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.