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 2024-01: Preferencing and Steering Practices by Digital Intermediaries for Consumer Financial Products or Services".
About This Bill
Committee
Latest Action · April 13, 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 2024 guidance on "preferencing and steering practices" by digital intermediaries in consumer financial products and services. The rule being challenged would have reversed consumer protections that prevent companies like online financial platforms from unfairly promoting certain financial products or steering consumers toward worse deals. If passed, Congress would effectively overturn the CFPB's decision to withdraw this guidance, keeping the consumer protections in place. The resolution uses the Congressional Review Act, a procedural tool that allows Congress to disapprove of federal agency rules. The measure was introduced by Senator Elizabeth Warren in April 2026 and referred to the Senate Banking Committee.
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