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US SJR153
Joint Resolution
AI Summary
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Congress disapproves the CFPB's May 12, 2025 rule (90 Fed. Reg. 20084) that withdrew Bulletin 2022-06 regarding unfair returned deposited item fee assessment practices.
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The original Bulletin 2022-06, published November 7, 2022 (87 Fed. Reg. 66940), addressed fees banks charge when deposited checks are returned unpaid.
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Uses the Congressional Review Act (chapter 8 of title 5, U.S. Code) to nullify the CFPB's withdrawal action.
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If enacted, the CFPB's withdrawal rule would have no force or effect, effectively reinstating the consumer protection guidance on returned deposit item fees.
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Introduced by Senator Luján on March 26, 2026, and referred to the Committee on Banking, Housing, and Urban Affairs.
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 the withdrawal of the rule relating to "Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices".
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
3/26/2026