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US SJR130
Joint Resolution
AI Summary
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Congressional disapproval resolution under the Congressional Review Act targeting a CFPB rule published May 12, 2025 (90 Fed. Reg. 20084)
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The targeted rule withdrew CFPB Circular 2024-05, which had addressed improper overdraft opt-in practices by financial institutions
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Introduced by Senator Van Hollen on March 18, 2026 and referred to the Senate Committee on Banking, Housing, and Urban Affairs
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If enacted, the CFPB's withdrawal rule would have no force or effect, effectively reinstating the original consumer protection circular on overdraft practices
Legislative Description
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices".
Finance and financial sector
Last Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 386.
4/27/2026