H.J.Res. 181 — 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 "Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes".

H.J.Res. 181 — 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 "Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a recent action taken by the Bureau of Consumer Financial Protection (BCFP). Specifically, it targets the BCFP's decision to withdraw a rule that provided guidance on how consumer reporting disputes should be reasonably investigated. This resolution aims to reinstate the previous rule, which was intended to protect consumers by ensuring that their disputes regarding credit reports are handled fairly and thoroughly.