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); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".

This joint resolution proposes to use the Congressional Review Act to formally disapprove of a specific rule issued by the Bureau of Consumer Financial Protection (CFPB). The rule in question involves the withdrawal of previous regulations concerning "Truth in Lending" requirements for consumer credit offered to workers in advance of their expected pay. Essentially, the resolution aims to block the CFPB from changing how these short-term lending products are governed.

If enacted, this measure would prevent the CFPB's rule from taking effect or continuing in its current form. For everyday citizens, this could impact the transparency and legal protections associated with early access to wages or similar short-term credit products. By disapproving of the CFPB's action, the resolution seeks to maintain or revert to a different set of regulatory standards for how lenders must disclose terms and costs to borrowers.