H.J.Res. 169 — 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".

H.J.Res. 169 — 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". | JustPolicyThe purpose of this legislative text is to allow Congress to formally disapprove a decision made by the Bureau of Consumer Financial Protection (BCFP) to withdraw a specific rule regarding overdraft practices in consumer banking. The objective is to maintain the protections that were previously in place to prevent improper overdraft opt-in practices, which can lead to consumers being charged excessive fees.