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".
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Committee
Latest Action · March 18, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This joint resolution would block the Consumer Financial Protection Bureau from withdrawing its guidance on improper overdraft opt-in practices at banks. The CFPB originally issued Consumer Financial Protection Circular 2024-05 in October 2024 to address problems with how banks sign customers up for overdraft coverage, but then moved to withdraw that guidance in May 2025. Congress is using the Congressional Review Act to disapprove the CFPB's decision to withdraw the overdraft guidance, which would effectively restore the original consumer protections. The resolution affects bank customers who might face improper overdraft enrollment practices and the banks that provide overdraft services. No specific funding is involved, and the resolution was introduced in March 2026 with committee action completed by April 2026.
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