This joint resolution nullifies the rule finalized by the Consumer Financial Protection Bureau on November 17, 2017, regarding payday, vehicle title, and other high-cost installment loans.
[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 122 Introduced in House (IH)]
<DOC>
115th CONGRESS
1st Session
H. J. RES. 122
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 ``Payday, Vehicle Title, and Certain
High-Cost Installment Loans''.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 1, 2017
Mr. Ross (for himself, Mr. Hastings, Mr. Graves of Georgia, Mr.
Cuellar, Mr. Stivers, and Mr. Peterson) submitted the following joint
resolution; which was referred to the Committee on Financial Services
_______________________________________________________________________
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 ``Payday, Vehicle Title, and Certain
High-Cost Installment Loans''.
Resolved by the Senate and House of Representatives of the United
States of America in Congress assembled, That Congress disapproves the
rule submitted by the Bureau of Consumer Financial Protection relating
to ``Payday, Vehicle Title, and Certain High-Cost Installment Loans''
(published at 82 Fed. Reg. 54472 (November 17, 2017)), and such rule
shall have no force or effect.
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Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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