Rep. Bynum Introduces Resolution to Block CFPB From Dropping Student Loan Protections
This bill is in the early stages of the legislative process and was sent to the House Committee on Financial Services on May 11, 2026. The committee must review the bill before it can move forward, but no further action has occurred since it was introduced. Most bills do not receive a committee vote, so this proposal is currently stalled.
This type of resolution is usually a partisan move to challenge an agency and rarely passes both the House and Senate.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
People who have gone through bankruptcy (which appears on their record) and also had student loan debt discharged would benefit from restored protections against improper collection. Bankruptcy is meant to give people a fresh start, and this resolution supports that by preventing servicers from undermining the court's discharge order with continued billing.
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Senate Republicans blocked a push by Democrats to restore consumer protections rescinded by the CFPB, including rules preventing collection on student loans discharged in bankruptcy. The move was part of a larger effort to roll back 67 policy changes made under Acting Director Russell Vought.
The administration and congressional Republicans have undone a decade's worth of CFPB rules, including protections for student loan borrowers in bankruptcy. Acting Director Russell Vought has moved to shutter the agency by exhausting its funds and rescinding key guidance documents.
Russell Vought is using a novel legal theory to starve the CFPB of funding, effectively turning it into a 'zombie regulator.' This comes as student loan and credit card delinquencies hit record highs, leaving consumers without a federal watchdog to enforce existing protections.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
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 "Bulletin 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts".
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