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 "Fair Credit Reporting Act; Preemption of State Laws".

What the bill does: This bill blocks a rule from the Consumer Financial Protection Bureau (CFPB). The rule would make federal credit reporting laws override some state laws under the Fair Credit Reporting Act. Key impacts: States with tougher credit rules win, as their laws stay in place. Credit companies lose uniform national rules, making it harder to...