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 "Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans".

HJRES 195 is a resolution seeking congressional disapproval of a rule issued by the Bureau of Consumer Financial Protection (CFPB) that would have regulated "Buy Now, Pay Later" (BNPL) loans accessed through digital user accounts under the Truth in Lending Act (Regulation Z). The rule, published in May 2024, aimed to require financial institutions to provide clear disclosures to consumers about BNPL terms and fees. If passed, this resolution would block the rule from taking effect, preventing the CFPB's proposed disclosure requirements for digital BNPL services from being enforced. The resolution directly affects the CFPB's regulatory authority and financial institutions offering BNPL products.