H.J.Res. 175 — 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".

H.J.Res. 175 — 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". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a recent decision made by the Bureau of Consumer Financial Protection (BCFP). Specifically, the BCFP decided to withdraw a rule that was aimed at protecting consumers from deceptive marketing practices related to remittance transfers, which are money transfers sent internationally. The key provision of this resolution is that it formally disapproves the BCFP's withdrawal of the rule concerning deceptive marketing practices.