S.J.Res. 130 — 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 withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices".

S.J.Res. 130 — 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 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 disapprove a rule that was put forth by the Bureau of Consumer Financial Protection (CFPB). This rule involved the withdrawal of guidelines that were intended to address improper overdraft practices by financial institutions. The resolution aims to ensure that these guidelines remain in effect, thereby protecting consumers from potentially harmful banking practices.