US Federal Senate Bill SJR162

US Federal 2025-2026 Regular Session

• Introduced: 4/13/26
• Refer: 4/13/26

Caption

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 "Bulletin 2015-07 re: in-person collection of consumer debt".

Impact

By passing SJR162, Congress seeks to maintain the regulatory framework established by the Bureau concerning in-person debt collection practices. This resolution emphasizes the importance of consumer protection in financial transactions and aims to uphold the standards that ensure individuals are treated fairly by debt collectors. Retaining Bulletin 2015-07 potentially highlights the need for compliance and transparency in the debt collection process, reinforcing consumer rights.

Summary

SJR162 is a joint resolution introduced in the U.S. Senate aimed at disapproving a rule from the Bureau of Consumer Financial Protection that would withdraw Bulletin 2015-07. This bulletin pertains to the in-person collection of consumer debt, which laid out guidelines for how debt collectors are to handle in-person interactions with consumers. The intent behind this resolution is to prevent the effective withdrawal of these protections that were previously established.

Contention

Throughout the legislative discussions, notable contention revolves around whether the regulations set forth in Bulletin 2015-07 are overly burdensome for debt collectors or necessary for protecting consumers. Supporters of SJR162 argue that these protections are crucial for preventing harassment and safeguarding consumers from aggressive sales practices, while opponents may view the resolution as an unnecessary government interference in business operations. The balance between business rights and consumer protections continues to be a point of debate among lawmakers.