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); Use of Digital User Accounts to Access Buy Now, Pay Later Loans".
Bill Summary
Repeals a rule from the Bureau of Consumer Financial Protection that allowed lenders to use digital accounts for 'buy now, pay later' loans. Requires lenders to follow previous rules for these types of loans.
Sponsored By
Bill Journey
- Mar 18, 2026
- May 13, 2026You Are Here
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 who use 'buy now, pay later' loans and lenders who offer these loans, by changing how lenders can access and manage loan payments. It also affects the Bureau of Consumer Financial Protection by overturning one of its rules.
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.