H. J. RES. 195 aims to nullify a rule put forward by the Bureau of Consumer Financial Protection. The rule in question involves the "Truth in Lending (Regulation Z)" and the use of digital user accounts for accessing Buy Now, Pay Later loans. This joint resolution expresses...
Simple Explanation
H. J. RES. 195 is like when someone says "no" to a new rule about how people can borrow money using special online accounts called "Buy Now, Pay Later." If the rule is stopped, it won't be used anymore.