CFPB Bulletin 2023-01 Student Loan Post-Bankruptcy Billing (Congressional Review)
Current understanding
CFPB Bulletin 2023-01 flagged as unfair the practice of billing and collecting on private student loan debts that had been discharged in bankruptcy. The CFPB subsequently withdrew that bulletin, and a joint resolution has been introduced in Congress under the Congressional Review Act (chapter 8 of title 5) to disapprove the withdrawal. If enacted, the withdrawal would be nullified and the supervisory guidance to servicers/collectors would be effectively reinstated.
Evidence log
- 2026-04-13 — 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 “Consumer Financial Protection Circular 2023-01: Unlawful Negative Option Marketing Practices”.: cross-connection with cfpb-circular-2023-01-negative-option-marketing: Parallel CRA-based congressional scrutiny of CFPB 2023-era sub-regulatory consumer-protection guidance. (novelty: 2)
Open questions
Related
Contributing findings
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 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts".
26-mar-2026
novelty 2
per-area 2
introduces