The Congressional Review Act (CRA) lets Congress and the White House strike down regulatory protections using expedited procedures. So far, President Donald Trump and Republicans in Congress have used the CRA to repeal 15 health, safety, consumer and environmental protections as payback to their corporate donors — and we won’t be able to get these safeguards back any time soon. As a result, corporate predators, polluters and profiteers that would have been reined in by these rules are now free to abuse, exploit and discriminate against regular Americans, knowing they won’t be held accountable. Although the CRA no longer can be used to repeal Obama-era rules, it still may be used to strike down safeguards finalized during the current administration.

On Dec. 1, a resolution in the U.S. House of Representatives was introduced aimed at repealing the U.S. Consumer Financial Protection Bureau’s payday lending rule.

RULES AT RISK

Payday Lending Rule
Payday Lending Rule

The CFPB’s payday lending rule is aimed at stopping payday debt traps by requiring lenders to determine upfront whether people can afford to repay their loans. H.J. Res. 122 is sponsored by U.S. Rep. Dennis Ross (R-Fla.).  

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