H.J.Res. 180 — 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 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".

H.J.Res. 180 — 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 "Statement of Policy Regarding Prohibition on Abusive Acts or Practices". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a rule that was put forth by the Bureau of Consumer Financial Protection (BCFP). This rule involved the withdrawal of a previous policy that aimed to prohibit abusive acts or practices in the financial sector. Essentially, Congress is taking action to ensure that the protections against abusive practices in consumer finance remain in place. Key provisions of this resolution include the formal disapproval of the BCFP's decision to withdraw the policy on abusive acts.