Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)".

This measure would block a new Consumer Financial Protection Bureau rule about how lenders and credit bureaus handle medical information. If it becomes law, the CFPB’s rule would not take effect, so current practices would stay in place instead of changing under the new rule .

The focus is on medical information and its use by creditors and consumer reporting agencies. The resolution simply says “no” to that CFPB rule and stops it from moving forward .

• Who is affected: consumers, lenders, and credit bureaus
• What changes: the CFPB’s medical-information rule would be disapproved; no new requirements from that rule would apply
• When: only if and when this resolution becomes law