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To restore certain guidance and rules of the Bureau of Consumer Financial Protection.
Summary
This bill nullifies 23 rules and guidance documents that the Bureau of Consumer Financial Protection previously withdrew, thereby restoring those consumer protection rules and guidance. The restored guidance covers topics including fair credit reporting, data protection and security, debt collection practices, overdraft procedures, whistleblower protections, lending discrimination, medical debt handling, servicemember protections, and contract term fairness. By restoring these withdrawn rules, the bill reinstitutes consumer financial protections that the CFPB removed in May 2025. The rules address examination practices, home loan financing, credit opportunity requirements, billing practices, negative option marketing, and various other consumer financial protection areas.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Maxine Waters’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- GUSTAR KAPLAN NUSBAUM PLLC $9,900
- INVARIANT $8,300
- SLA WORLDWIDE $6,950
- MINDSET $6,800
- EGAN-JONES RATINGS CO. $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Maxine Waters → · Outside spending →
Actions (2)
- May 13, 2026 Referred to the House Committee on Financial Services. · house
- May 13, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
May 13, 2026
Ms. Waters introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To restore certain guidance and rules of the Bureau of Consumer Financial Protection.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Guidance Upholding Integrity through Defense of Americans’ National Consumer Enforcement Act of 2026” or the “GUIDANCE Act of 2026”.
SEC. 2. RESTORATION OF GUIDANCE AND RULES.
The following shall have no force or effect:
(1) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “The Fair Credit Reporting Act’s Limited Preemption of State Laws (87 Fed. Reg. 41042 (July 11, 2022))” (90 Fed. Reg. 20084 (May 12, 2025)).
(2) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Consumer Financial Protection Circular 2022-04: Insufficient Data Protection or Security for Sensitive Consumer Information (87 Fed. Reg. 54346 (August 6, 2022))” (90 Fed. Reg. 20084 (May 12, 2025)).
(3) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents (86 Fed. Reg. 32723 (June 23, 2021))” (90 Fed. Reg. 20084 (May 12, 2025)).
(4) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt (89 Fed. Reg. 80715 (October 4, 2024))” (90 Fed. Reg. 20084 (May 12, 2025)).
(5) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices (89 Fed. Reg. 80075 (October 2, 2024))” (90 Fed. Reg. 20084 (May 12, 2025)).
(6) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Consumer Financial Protection Circular 2024-04: Whistleblower Protections Under CFPA Section 1057 (89 Fed. Reg. 65170 (August 9, 2024))” (90 Fed. Reg. 20084 (May 12, 2025)).
(7) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Bulletin 2012-04: Lending discrimination (April 18, 2012)” (90 Fed. Reg. 20084 (May 12, 2025)).
(8) 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 Protections for Home Sales Financed Under Contracts for Deed (89 Fed. Reg. 68086 (August 23, 2024))” (90 Fed. Reg. 20084 (May 12, 2025)).
(9) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Application of Regulation Z’s Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest (79 Fed. Reg. 41631 (July 17, 2014))” (90 Fed. Reg. 20084 (May 12, 2025)).
(10) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements (87 Fed. Reg. 30097 (May 18, 2022))” (90 Fed. Reg. 20084 (May 12, 2025)).
(11) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports (87 Fed. Reg. 41243 (July 12, 2022))” (90 Fed. Reg. 20084 (May 12, 2025)).
(12) 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 (December 16, 2015))” (90 Fed. Reg. 20084 (May 12, 2025)).
(13) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Bulletin 2022-01: Medical Debt Collection and Consumer Reporting Requirements in Connection with the No Surprises Act (87 Fed. Reg. 3025 (January 20, 2022))” (90 Fed. Reg. 20084 (May 12, 2025)).
(14) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices (87 Fed. Reg. 66940 (November 7, 2022))” (90 Fed. Reg. 20084 (May 12, 2025)).
(15) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Consumer Financial Protection Circular 2023-02: Reopening Deposit Accounts That Consumers Previously Closed (88 Fed. Reg. 33545 (May 24, 2023))” (90 Fed. Reg. 20084 (May 12, 2025)).
(16) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer (89 Fed. Reg. 27357 (April 17, 2024))” (90 Fed. Reg. 20084 (May 12, 2025)).
(17) 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, 86 Fed. Reg. 62468 (November 10, 2021)” (90 Fed. Reg. 20084 (May 12, 2025)).
(18) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Statement of Policy Regarding Prohibition on Abusive Acts or Practices (88 Fed. Reg. 21883 (April 12, 2023))” (90 Fed. Reg. 20084 (May 12, 2025)).
(19) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes (87 Fed. Reg. 71507 (November 23, 2022))” (90 Fed. Reg. 20084 (May 12, 2025)).
(20) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Bulletin 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts (88 Fed. Reg. 17366 (March 23, 2023))” (90 Fed. Reg. 20084 (May 12, 2025)).
(21) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Consumer Financial Protection Circular 2023-01: Unlawful Negative Option Marketing Practices (88 Fed. Reg. 5727 (January 30, 2023))” (90 Fed. Reg. 20086 (May 12, 2025)).
(22) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Fair Credit Reporting; File Disclosure (89 Fed. Reg. 4167 (January 23, 2024))” (90 Fed. Reg. 20084 (May 12, 2025)).
(23) The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions (89 Fed. Reg. 51955 (June 21, 2024))” (90 Fed. Reg. 20084 (May 12, 2025)). <all>
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