A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt".

Key Points

• This resolution uses the Congressional Review Act to block the CFPB from withdrawing its medical debt collection rule. If passed, the CFPB's withdrawal would be completely nullified, keeping the original consumer protections in place.
• The original CFPB rule (Regulation F) was designed to stop debt collectors from using deceptive and unfair methods when collecting medical debt. The CFPB under the current administration moved to withdraw that rule, and this resolution aims to reverse that withdrawal.
• Senator Warnock of Georgia introduced this resolution, which was referred to the Senate Committee on Banking, Housing, and Urban Affairs. As a joint resolution, it would need to pass both the Senate and House and be signed by the president to take effect.
• Medical debt affects tens of millions of Americans and is often unexpected. Keeping strong collection rules in place would protect people from aggressive tactics that can damage credit scores and financial stability, particularly for lower-income families.