Senate
Apr 27, 2026

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 the withdrawal of the rule relating to "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".

Summary

AI Generated

What the bill does: This bill stops the Consumer Financial Protection Bureau (CFPB) from canceling a rule. The rule makes companies tell workers clearly about costs when they offer quick loans before payday, called 'earned wage advances.' Key impacts: Workers get better info on fees and risks of these loans, helping avoid debt traps. Lenders must follow...

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Bill Progress

Committee is reviewing, marking up, or holding hearings on the bill

Introduced(3/26/26)
Committee
Passed House
Passed Senate
President
Law

Sponsor

JM

Mr. Merkley

Senate (D) Oregon

Topics

Issues

Latest Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 400.

Apr 27, 2026

View Bill on Congress.gov