politics
Senate Rejects Democratic Resolutions on CFPB Policy Rescissions
The Senate on May 13, 2026, defeated three roll-call resolutions and additional voice votes seeking to roll back Consumer Financial Protection Bureau actions taken since February 2025. Democrats invoked the Congressional Review Act as the bureau has rescinded 67 policies under acting director Russell Vought, who has said his goal is to effectively dismantle the agency.
May 13, 6:23 PM·2m read2 sources
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Senate Republicans voted against Democratic resolutions seeking to reverse multiple policy changes the Consumer Financial Protection Bureau made after the Trump administration assumed control of the agency in February 2025. The Senate conducted three roll-call votes on May 13, 2026, rejecting each resolution largely along party lines, while additional related measures were rejected by voice vote.
The resolutions invoked the Congressional Review Act, a 1996 law that gives Congress the opportunity to overturn finalized federal agency rules. They targeted rescissions and changes enacted by the CFPB under acting director Russell Vought, who also serves as President Trump’s budget director.
According to the Washington Times and ABC News reporting drawn from the same vote tallies and statements, the bureau has rescinded 67 policies since February 2025.
One resolution would have restored the Biden administration’s 2024 overdraft fee guidance, which required banks to obtain customers’ affirmative consent before charging overdraft fees. That guidance was repealed under the current administration. The Senate voted 47-53 against the resolution on the overdraft fee policy change.
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Sen. Tim Scott of South Carolina, chairman of the Senate Banking Committee, defended the rollbacks. He said, “I can’t think of a worse way to govern than the Biden administration’s approach to the CFPB and the playbook that they used time and time again, putting onerous pressure on small businesses.”
