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US SJR18
Joint Resolution
AI Summary
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Congress disapproves and nullifies the Bureau of Consumer Financial Protection's final rule on "Overdraft Lending: Very Large Financial Institutions" published December 30, 2024
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The nullified rule (89 Fed. Reg. 106768) would have regulated overdraft lending practices at very large financial institutions
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Upon enactment, the CFPB rule shall have no force or effect
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Joint resolution passed by both the Senate and House of Representatives during the 119th Congress, First Session
Legislative Description
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Finance and financial sector
Last Action
Became Public Law No: 119-10.
5/9/2025
Committee Referrals
Banking, Housing, And Urban Affairs2/13/2025
Full Bill Text
No bill text available