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 2024-05: Improper Overdraft Opt-In Practices".
About This Bill
Committee
Latest Action · April 30, 2026
Referred to the House Committee on Financial Services.
This joint resolution uses the congressional disapproval process to block a rule by the Consumer Financial Protection Bureau (CFPB) that would withdraw protections against improper overdraft opt-in practices. The CFPB rule being challenged was designed to protect bank customers from being pressured into overdraft services they did not clearly consent to. If passed, this resolution would prevent the CFPB's withdrawal of those protections from taking effect, meaning the consumer safeguards would remain in place. The resolution affects millions of bank customers who use checking accounts and could face overdraft fees. No specific funding or implementation timeline is mentioned in the legislation, as this is a procedural measure to reverse an agency action rather than a spending bill.
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