Consumers would need to confirm their financial complaints, and companies could close certain ones, with complaint details kept private.
People who report problems to the Consumer Financial Protection Bureau would face new rules. They would need to promise their complaints are true and show they first told the company about the issue at least 60 days earlier. Financial companies could close certain complaints, and the specific details of all complaints would be kept private.
Today, consumers can send complaints to the Consumer Financial Protection Bureau without promising they are true or proving they first contacted the company. The Bureau can also share the specific details of these complaints. If this bill passes, consumers would need to promise their complaint is accurate and confirm they told the company 60 days before. Also, all detailed complaint information would be kept private.
HR 7588 · 119th Congress · February 17, 2026 · AI Summary by gemini-2.5-flash · 10/10
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5 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.