hold on there's just too much going on in Congress lmao...
Prevents CFPB from ending non-bank financial company registry.
Senator Elizabeth Warren (D-MA)
In committee, no Senate vote yet
This resolution seeks to stop the Bureau of Consumer Financial Protection (CFPB) from rescinding a registry that tracks non-bank financial companies, such as payday lenders, that have been subject to agency or court orders. Senator Elizabeth Warren, a Democrat from Massachusetts, introduced the bill. It is currently being reviewed by a Senate committee, meaning it has not yet been voted on by the full Senate.
Introduced Apr 13, 2026
The bill was introduced in the Senate on April 13, 2026, by Senator Elizabeth Warren and referred to the Committee on Banking, Housing, and Urban Affairs. For it to become law, it must pass both the Senate and the House of Representatives, and then be signed by the President.
If this resolution passes, a list of non-bank financial companies that have been subject to government orders would remain active. This allows the Bureau of Consumer Financial Protection (CFPB) to continue tracking these entities. Maintaining this registry aims to provide ongoing oversight of firms like debt collectors or payday lenders that have faced prior legal or regulatory actions.
Supporters Say
Supporters argue this resolution maintains important oversight of non-bank financial companies.
Critics Say
Critics of the registry, or those who supported its rescission, may view it as an unnecessary burden on financial firms.
Those in favor believe that keeping the registry ensures accountability and protects consumers by allowing federal regulators to monitor companies with a history of issues. Those against might contend that the registry adds excessive regulatory costs without significant benefits, or that other enforcement mechanisms are sufficient.