S.J.Res. 173 — 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 "Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes".

S.J.Res. 173 — 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 "Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes". | JustPolicyThe 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 was meant to guide how consumer reporting disputes should be reasonably investigated. This rule was originally established to protect consumers by ensuring that their disputes regarding credit reports are handled fairly and thoroughly. The key provision of this resolution is that it formally disapproves the BCFP's withdrawal of the consumer protection rule.