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 "Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".
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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 uses the Congressional Review Act to overturn a decision by the Consumer Financial Protection Bureau (CFPB) to withdraw guidance that prohibited deceptive marketing practices in remittance transfers. The CFPB originally issued Consumer Financial Protection Circular 2024-02 in April 2024 to crack down on companies that mislead consumers about how quickly or cheaply they can send money transfers, but later withdrew this guidance in May 2025. The resolution would restore the consumer protection rule and prevent companies from making false claims about remittance transfer speeds and costs, primarily affecting money transfer services and the millions of Americans who use them to send funds domestically and internationally. If passed, this measure would immediately reinstate the anti-deception standards and nullify the CFPB's withdrawal of the consumer protections.
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