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 "Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents"

Progress

Timeline

• Mar 18Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

**What it does:** This joint resolution would overturn a rule by the Consumer Financial Protection Bureau (CFPB) that withdrew protections for active-duty military members and their families from certain financial risks during examinations. **Who it affects:** Active-duty servicemembers and their covered dependents (spouses and children) who use financial services. **What would change:** If passed, this resolution would restore the CFPB's examination requirements that were designed to protect military families from predatory financial practices. The original rule required financial institutions to be examined for risks that could harm servicemembers - such as unfair lending or debt collection practices targeting military families. **Current status:** The resolution is in committee, meaning it's being reviewed but hasn't been voted on by the full Congress yet. This uses Congress's power to disapprove federal agency rules within a certain timeframe after they're issued.

How This Affects You