Sen. Alsobrooks Introduces Resolution to Block CFPB Rule on Debt Collection Fees
People with debts in collection — many of whom have financial difficulties often correlated with criminal records — would benefit from restored limits on pay-to-pay fees. These convenience fees hit hardest when someone has limited payment options, and blocking the CFPB's withdrawal would keep those extra costs from being tacked onto their debt payments.
“the withdrawal of the rule relating to ``Debt Collection Practices (Regulation F); Pay-to-Pay Fees, 87 Fed. Reg. 39733 (July 5, 2022)''”
Motion to proceed to consideration of measure rejected in Senate by Voice Vote.
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Star Print ordered on the reported joint resolution.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 381.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
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Document Type
Congressional Bill
Official Title
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 "Debt Collection Practices (Regulation F); Pay-to-Pay Fees".
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