Senate
Apr 27, 2026A 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...
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