SJRES. 18Became Law
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Nullifies the Consumer Financial Protection Bureau rule on overdraft lending for very large financial institutions, including limits and disclosure requirements for overdraft charges
Plain-English overview
What this bill does
Nullifies the Consumer Financial Protection Bureau rule on overdraft lending for very large financial institutions, including limits and disclosure requirements for overdraft charges
Key points
- Repeal CFPB overdraft rule
Current status
Where it stands
Status
Became Law
Latest action
2025-05-09 — Became Public Law No: 119-10.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer Financial Protection BureauFinance and Financial SectorUser charges and fees