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 "Fair Credit Reporting; Name-Only Matching Procedures".
Sen. Warnock Moves to Block CFPB Rule Allowing Name-Only Credit Report Matching
Legislative Progress
Key Points
Impact Analysis
Personal Impact
Small business owners rely on personal credit to secure loans and financing. Errors from name-only matching can wrongly lower their credit scores, making it harder to get capital. Keeping the stricter matching rule in place helps ensure their credit reports are accurate.
Milestones
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.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
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News
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Source Information
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 "Fair Credit Reporting; Name-Only Matching Procedures".
Data Sources
Sponsor
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