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 "Payday, Vehicle, Title, and Certain High-Cost Installment Loans".

Bill: 115-sjres-56
Sponsor: full_name: Sen. Graham, Lindsey [R-SC]
Introduced: 2018-03-22
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Business records

Congressional oversight

Consumer Financial Protection Bureau

Consumer credit

Credit and credit markets

Government information and archives

Licensing and registrations
Latest action: action_date: 2018-03-22
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2018-03-22
action_desc: Introduced in Senate
text: <p>This joint resolution nullifies the rule finalized by the Consumer Financial Protection Bureau on November 17, 2017, regarding payday, vehicle title, and other high-cost installment loans.</p>

tv_txt: IIA 115th CONGRESS 2d Session S. J. RES. 56 IN THE SENATE OF THE UNITED STATES March 22, 2018 Mr. Graham introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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 Payday, Vehicle, Title, and Certain High-Cost Installment Loans .

That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to Payday, Vehicle, Title, and Certain High-Cost Installment Loans (82 Fed. Reg. 54472 (November 17, 2017)), and such rule shall have no force or effect.