hold on there's just too much going on in Congress lmao...
Disapproves a rule withdrawing lending discrimination guidance.
Senator Welch (D-VT) introduced.
Introduced in Senate, referred to committee.
This bill proposes to block a new rule from the Bureau of Consumer Financial Protection (CFPB) that would remove its existing guidance on preventing lending discrimination (Bulletin 2012-04). If this bill passes, the CFPB's attempt to withdraw that anti-discrimination bulletin would be stopped. Senator Welch introduced this resolution, which has been assigned to the Senate Committee on Banking, Housing, and Urban Affairs.
Introduced Mar 26, 2026
This bill was introduced in the Senate on March 26, 2026, by Senator Welch. It was then referred to the Senate Committee on Banking, Housing, and Urban Affairs for review. For the bill to become law, it must pass both the Senate and the House of Representatives and then be signed by the President.
If this bill becomes law, the Bureau of Consumer Financial Protection (CFPB) would be prevented from removing its 2012-04 bulletin, which provides guidance on how to prevent lending discrimination. This means that financial institutions involved in lending would continue to operate under the expectations outlined in that bulletin, aiming to ensure fair lending practices for everyone.
Supporters Say
Supporters believe the existing guidance on lending discrimination is important and should not be withdrawn.
Critics Say
Critics might argue the CFPB's withdrawal of its own rule is appropriate or that new guidance is unnecessary.
This resolution is part of congressional oversight of regulatory agencies. Those supporting this bill likely believe the existing guidance against lending discrimination is important and should remain in force. Others may argue that the CFPB's decision to withdraw its own bulletin should be respected, or that new guidance is unnecessary.