H.J.Res. 164 — 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".

H.J.Res. 164 — 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". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a recent decision made by the Bureau of Consumer Financial Protection (BCFP). Specifically, this decision involves the withdrawal of a rule that was designed to protect consumers from unfavorable changes to their credit arrangements. The goal is to ensure that consumers continue to have protections in place regarding how their credit terms can be altered by lenders.