hold on there's just too much going on in Congress lmao...
Blocks federal agency from ending 'abusive acts' consumer protections.
Sen. Durbin, Democrat, Illinois.
On Senate calendar, awaiting vote.
This bill aims to stop the Bureau of Consumer Financial Protection (CFPB) from withdrawing its policy statement that defines and prohibits 'abusive acts or practices' by financial companies. Senator Dick Durbin, a Democrat from Illinois, introduced this resolution. It has been moved out of committee and is currently on the Senate's legislative calendar, meaning it is ready for a potential vote by the full Senate.
Introduced Mar 25, 2026
This bill was introduced in the Senate by Senator Durbin on March 25, 2026. It was initially referred to the Committee on Banking, Housing, and Urban Affairs. However, the committee was discharged from considering the bill by petition on April 27, 2026, moving it directly to the Senate's legislative calendar. For it to become law, it would need to pass the Senate, then the House, and be signed by the President.
If this resolution becomes law, it would prevent the Bureau of Consumer Financial Protection (CFPB) from officially withdrawing its 'Statement of Policy Regarding Prohibition on Abusive Acts or Practices.' This means that the existing policy on what constitutes 'abusive acts' for financial companies would remain in effect. As a result, consumers would continue to be protected by these specific guidelines against such practices.
Supporters Say
Supporters argue it maintains strong consumer safeguards against harmful financial practices.
Critics Say
Critics may argue it restricts the agency's ability to update or adjust its own policies.
This resolution uses a process known as the Congressional Review Act to stop an agency action. Supporters of the bill would generally contend that the CFPB's withdrawal of the policy weakens consumer protections against unfair financial practices. Critics might argue that the agency should have the discretion to revise or withdraw its own policy statements as it sees fit, without congressional interference.