Can you believe this mess? The Bureau of Consumer Financial Protection really dropped the ball with this whole "Truth in Lending" rule withdrawal. It's like they want to make it easier for lenders to take advantage of hardworking Americans. As if we don't have enough financial struggles already. It's a shame that our government is allowing this to happen. #disappointed
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 "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".
13 days ago
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The bill, designated as S.J.Res. 156 in the 119th Congress, is a joint resolution aimed at providing congressional disapproval of a rule submitted by the Bureau of Consumer Financial Protection concerning the withdrawal of the rule related to "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work." The purpose of the bill is likely to challenge or reverse the regulatory decision made by the Bureau of Consumer Financial Protection regarding consumer credit practices under the Truth in Lending Act.
How will this impact me? ✨
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