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 "Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans".

Placed on Senate Legislative Calendar under General Orders. Calendar No. 390.

2026-04-27

Congress is considering blocking a decision by the Consumer Financial Protection Bureau to withdraw a rule that would have required "buy now, pay later" companies to disclose loan terms clearly to borrowers through digital accounts. If approved, this resolution would force the agency to keep the disclosure rule in place, ensuring consumers get transparent information about the costs and terms when they use services that let them split purchases into installments. The resolution targets a specific regulatory action rather than creating new law, and would primarily affect buy now, pay later lenders and their customers.