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US SJR140
Joint Resolution
AI Summary
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Disapproves and nullifies a rule issued by the Consumer Financial Protection Bureau (CFPB) that withdrew regulations on "name-only matching procedures" under the Fair Credit Reporting Act
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Uses the Congressional Review Act (chapter 8 of title 5, U.S. Code) to overturn the CFPB's withdrawal action
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Would effectively reinstate the original CFPB rule requiring more than just name matching when consumer reporting agencies match credit information to individuals
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Prevents the CFPB from issuing substantially similar rules in the future without congressional authorization if enacted
Legislative Description
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; Name-Only Matching Procedures".
Finance and financial sector
Last Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 392.
4/27/2026