S.J.Res. 170 — 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 "Compliance Bulletin 2016-03: Detecting and Preventing Consumer Harm From Production Incentives".

S.J.Res. 170 — 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 "Compliance Bulletin 2016-03: Detecting and Preventing Consumer Harm From Production Incentives". | JustPolicyThe purpose of this legislative text is to express Congress's disapproval of a recent decision made by the Bureau of Consumer Financial Protection (BCFP) to withdraw a rule that was designed to protect consumers from potential harm caused by production incentives in financial services. The main objective is to reinstate the previous rule, known as Compliance Bulletin 2016-03, which aimed to ensure that consumers are not negatively impacted by the way financial products are marketed and sold.