GUIDANCE Act of 2026

TL;DR (AI)

• The bill nullifies a series of rules submitted by the Bureau of Consumer Financial Protection related to topics such as fair credit reporting and lending discrimination.
• The rules being invalidated were published in the Federal Register between 2012 and 2024 and became effective on May 12, 2025, before being withdrawn.
• The bill restores previous guidance and rules in areas including debt collection practices, medical debt, overdraft opt-in practices, whistleblower protections, and ability-to-repay rules.