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 Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements.
Block the CFPB rule withdrawing Equal Credit Opportunity protections for revocations or unfavorable changes to existing credit arrangements.
Occurrences
H.J. Res. 163 (IH) - 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 Application of Regulation Z’s Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest.
Evidence
Last Action Date Listed: April 30, 2026. Action: Mr. Fields submitted the following joint resolution; which was referred to the Committee on Financial Services. Bill title: Providing for congressional disapproval under chapter 8 of title 5 ... relating to the withdrawal of the rule relating to Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements.
The Consumer Financial Protection Bureau (Bureau or CFPB) is issuing a final rule that amends provisions related to disparate impact, discouragement of applicants or prospective applicants, and special purpose credit programs under Regulation B, the regulation implementing the Equal Credit Opportunity Act (ECOA or Act). The final rule is effective July 21, 2026.
On April 22, 2026, the CFPB issued a final rule that amends provisions related to disparate impact, discouragement of applicants or prospective applicants, and special purpose credit programs under Regulation B, the regulation implementing the Equal Credit Opportunity Act (ECOA or Act).
The House Congressional Record for April 30, 2026 includes the entry for H.J. Res. 164 and shows Fields' submission and referral to the Committee on Financial Services.
By Mr. FIELDS: H.J. Res. 164. 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 "Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements"; to the Committee on Financial Services.
Congress.gov states that enacted bills and joint resolutions appear on the public laws list after NARA assigns public law numbers. The displayed 119th Congress entries include H.J.Res.142 as PL 119-78 and other public laws, but not H.J. Res. 164.
CFPB's ECOA compliance page says resources help industry comply with ECOA and Regulation B; it also notes an April 22, 2026 final rule amending provisions related to disparate impact, discouragement, and special purpose credit programs under Regulation B. Page last modified Jun. 1, 2026.
The Federal Register entry is a CFPB final rule under 12 CFR 1002, published April 22, 2026, with an effective date of July 21, 2026. The summary says the CFPB is issuing a final rule amending provisions related to disparate impact, discouragement, and special purpose credit programs under Regulation B.
Assessments
Fields materially advanced the promise in the same federal House term by introducing H.J. Res. 164 on April 30, 2026 to disapprove the CFPB Regulation B withdrawal rule under the Congressional Review Act. The evidence shows introduction and referral to the House Financial Services Committee, but no passage, enactment, public law listing, or other completed action blocking the CFPB rule. Because the rule had a future effective date of July 21, 2026 and the resolution was still only pending as of the evidence window, the promise is not delivered but remains unresolved rather than a final failure.
Fields took a concrete same-term legislative step by introducing H.J. Res. 164 to disapprove the CFPB Regulation B rule, but the evidence only shows referral to committee and does not show passage, enactment, or any completed block of the rule. On the record provided, the promise is not yet fulfilled and cannot be credited as delivered; the effort is substantial enough to merit the effort badge.
Fields made a concrete attempt to fulfill the promise by introducing H.J. Res. 164 on April 30, 2026 under the Congressional Review Act to block the CFPB withdrawal rule. However, the evidence only shows introduction and referral to committee, not passage, enactment, or any successful blocking of the rule. Separate evidence indicates the CFPB final rule was issued and set to take effect, with no shown congressional disapproval outcome yet. Because there is a serious effort but the available record does not establish final success or final failure, the promise is best scored as unresolved at this stage.