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 Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt".
This bill seeks to disapprove a rule by the Bureau of Consumer Financial Protection (CFPB) that aims to withdraw a regulation on debt collection practices, specifically targeting deceptive and unfair collection of medical debt. This proposal was introduced by Senator Raphael Warnock and is currently in the early stages of the legislative process.
If passed, this bill would affect consumers who are dealing with debt collectors, particularly those who have medical debt. It would also impact debt collection agencies by enforcing stricter rules on how they can operate and collect debts. The CFPB's rule aims to protect consumers from unfair practices, such as misleading information or harassment during the debt collection process.
The bill was introduced on March 19, 2026, and has been referred to the Senate Committee on Banking, Housing, and Urban Affairs. On April 27, 2026, the committee discharged the measure by petition. However, on May 13, 2026, a motion to proceed to consider the measure was rejected in the Senate with a vote of 50-50, indicating a split decision among the senators.
