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 "Fair Credit Reporting; Background Screening"

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 previous regulations on background screening and credit reporting. **Who it affects:** - Job seekers and employees subject to background checks - Employers who conduct background screenings - Consumer reporting agencies that compile background reports - Financial institutions and creditors **What would change:** If passed, this resolution would restore the original "Fair Credit Reporting; Background Screening" rule that the CFPB had withdrawn. This would likely reinstate consumer protections and requirements for how background checks and credit reports are used in employment and financial decisions. The specific changes would depend on what the original rule contained. **Current status:** The resolution is currently in committee, meaning it's under review by Congress but hasn't been voted on yet. It would need approval from both chambers of Congress to take effect.

How This Affects You