H.J.Res. 173 — 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 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".

H.J.Res. 173 — 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 2023-02: Reopening Deposit Accounts That Consumers Previously Closed". | JustPolicyThe main purpose of this legislative text is to express Congress's disapproval of a specific action taken by the Bureau of Consumer Financial Protection (BCFP). The BCFP had withdrawn a rule that allowed consumers to reopen deposit accounts they had previously closed. This resolution aims to reinstate that rule, ensuring that consumers have the option to reopen their closed accounts. Key provisions of this resolution include the formal disapproval of the BCFP's withdrawal of the rule regarding the reopening of closed deposit accounts.