Senate moves to restore CFPB credit report accuracy rule
Placed on the calendarS.J.Res. 140Latest action
Sponsor: Raphael G. Warnock · Senator · GA
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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".
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Congress is voting to undo the CFPB's 2025 cancellation of a 2021 rule protecting consumers from inaccurate credit report matches.
45-second read · 4 questions answered below
What does this do?
This resolution would block a May 2025 decision by the Consumer Financial Protection Bureau to cancel a 2021 consumer protection rule. That rule addressed name-only matching, a practice where credit reporting companies link negative financial information to someone's credit file using only their name, without checking other identifying details. If this resolution passes, the cancellation would have no legal effect and the original 2021 rule would be restored.
Who does it affect?
Everyday consumers whose credit reports could be affected by inaccurate information are most directly involved. Credit reporting companies and lenders that use credit reports are also affected.
Why does it matter?
Without the 2021 rule in place, credit reporting companies could continue matching negative financial information to a person's file based on name alone, which can lead to inaccurate credit reports. If this resolution passes, that matching practice would again be regulated under the restored rule.
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Where does it stand?
- IntroducedMar 19, 2026
- Senate committee
- Senate voteYou are here · Apr 27, 2026
- House
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the House changes it, it goes back to the Senate before reaching the president.
Latest action: — Placed on Senate Legislative Calendar under General Orders. Calendar No. 392.