S.J.Res. 134 — 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 "Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans".

S.J.Res. 134 — 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 "Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a rule made by the Bureau of Consumer Financial Protection (CFPB). This rule concerns the withdrawal of regulations that were designed to ensure transparency in lending practices, specifically regarding "Buy Now, Pay Later" loans accessed through digital user accounts. The objective is to reinstate the previous regulations that aimed to protect consumers from potentially misleading lending practices.