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 "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions".

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Introduced 2026-03-17Topic: economy jobs · governance ethics

Summary

Summary by the Congressional Research Service

This joint resolution reinstates the Consumer Financial Protection Bureau’s (CFPB’s) guidance on unlawful and unenforceable contract terms published in a June 2024 circular. The circular states that consumer financial service providers that include unlawful or unenforceable terms in contracts with consumers (such as a contract that contains an unlawful waiver of the consumer’s right to sue) may be in violation of the Consumer Financial Protection Act's ban on deceptive acts or practices. The CFPB withdrew this circular on May 12, 2025. This joint resolution disapproves of the rule that withdraws this circular.

Full text and official record on Congress.gov

Action history

Date	Chamber	Action	Status effect
2026-05-13	Senate	Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2270-2271)
2026-04-27	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 384.
2026-04-27	Senate	Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).	report
2026-04-27		Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).	report
2026-03-17	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	refer
2026-03-17		Introduced in Senate	introduce

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Action history