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HJRES 59119th CongressIntroduced
Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Introduced: Feb 13, 2025
Sponsor: Rep. Hill, J. French [R-AR-2] (R-Arkansas)
Standard Summary
Comprehensive overview in 1-2 paragraphs
The joint resolution disapproves the CFPB’s final rule on overdraft lending for very large financial institutions, removing the rule’s authority and preventing its implementation.
Key Points
- 1Disapproval of the CFPB rule on overdraft lending
- 2Rule applies to very large financial institutions
- 3Prevents the rule’s enforcement and effect
- 4Maintains existing overdraft practices
- 5Supports consumer protection concerns
Impact Areas
Consumer Financial Protection BureauVery large financial institutionsConsumers of overdraft servicesFederal banking regulatorsLegislative oversight of CFPB
Generated by openai/gpt-oss-20b:free on Nov 19, 2025