hold on there's just too much going on in Congress lmao...
Prevents a consumer protection agency from removing a bulletin on fair lending.
Rep. Beatty introduced this bill to maintain fair lending practices.
Introduced in the House and sent to committee for review.
This resolution, introduced by Representative Beatty, aims to stop the Bureau of Consumer Financial Protection (CFPB) from withdrawing its 'Bulletin 2012-04' which addresses lending discrimination. If passed, it would ensure that the bulletin, designed to prevent unfair lending practices, remains active. The bill is currently under review by the House Committee on Financial Services.
Introduced Apr 30, 2026
This bill was introduced in the House of Representatives on April 30, 2026. It has been referred to the House Committee on Financial Services for consideration. For it to become law, it would need to pass both the House and Senate, and then be signed by the President, or Congress would need to override a presidential veto.
If this resolution becomes law, it would mean that financial institutions, including banks and other lenders, would still be subject to the guidance provided in 'Bulletin 2012-04' regarding lending discrimination. This could help ensure that individuals applying for mortgages, car loans, or other forms of credit are treated fairly, regardless of their background. Federal consumer protection agencies would continue to enforce these anti-discrimination measures.
Supporters Say
Supporters believe the bill protects consumers by maintaining important safeguards against discriminatory lending practices.
Critics Say
Critics might argue the original bulletin is outdated or unnecessary, or that the CFPB should have the discretion to withdraw its guidance.
Those in favor of this resolution would likely emphasize the importance of preventing discrimination in lending and ensuring equal access to credit for all consumers. They would see the continuation of Bulletin 2012-04 as vital for consumer protection. Opponents might argue that the original bulletin creates undue burdens for lenders or that new regulations are better suited to address current market conditions, thus supporting the CFPB's decision to withdraw it.