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Bureau of Consumer Financial Protection (BCFP)

A U.S. government agency that works to protect consumers in the financial marketplace by enforcing federal consumer financial laws and educating consumers.

Fair Credit Reporting Act (FCRA)

A federal law that regulates the collection, dissemination, and use of consumer credit information, aiming to promote the accuracy, fairness, and privacy of information in the files of consumer reporting agencies.

Preemption

A legal principle where a higher level of government's law (like federal law) takes precedence over a lower level of government's law (like state law) when there is a conflict.

Joint Resolution

A legislative measure that, if passed by both houses of Congress and signed by the President (or if Congress overrides a presidential veto), has the force of law, similar to a bill.

Federal Register

The official daily publication for rules, proposed rules, and notices of federal agencies and organizations, as well as executive orders and other presidential documents.