A joint resolution providing for congressional disapproval under...
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 "Fair Credit Reporting; Name-Only Matching Procedures".
This bill, SJR140, aims to disapprove a rule submitted by the Bureau of Consumer Financial Protection. Specifically, it seeks to withdraw the rule related to "Fair Credit Reporting; Name-Only Matching Procedures." This rule affects how credit reporting agencies handle name-matching, which can impact consumers' credit reports and access to financial services.
The rule change could affect consumers who rely on credit reports for loans, credit cards, and other financial services. The disapproval of this rule by Congress could mean that the Bureau of Consumer Financial Protection will continue with its original procedures for name-only matching.
As of the last update on March 19, 2026, the bill has been introduced and referred to the Senate Committee on Banking, Housing, and Urban Affairs. On April 27, 2026, the committee discharged the bill by petition, and it was placed on the Senate Legislative Calendar. However, on May 13, 2026, a motion to proceed with the bill was rejected in the Senate by a voice vote.
