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; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports".

Would households on low incomes be better off under this?+2

Maintaining credit reporting restrictions can help protect low-income individuals from unauthorized access to their financial data.

Would middle-income households be better off under this?+2

The stability of credit reporting rules provides predictable consumer protections for middle-income families.

Would Black Americans be better off under this?+2

Protecting consumer reporting rules can help mitigate potential inequities in how credit access and data are handled.

Does this give people more protection from unfair business practices?-3

By disapproving the withdrawal of the consumer protection rule regarding credit reporting, the resolution effectively allows the underlying restrictive rules on how consumer reports are obtained and used to remain in place, which may limit the Bureau's ability to regulate those processes.

Does this give the federal government more power?-2

The resolution seeks to prevent the Bureau of Consumer Financial Protection from withdrawing its specific rule on credit reporting, thereby maintaining the existing regulatory scope of the agency.