S.J.Res. 131 — 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 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".

S.J.Res. 131 — 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 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 decision made by the Bureau of Consumer Financial Protection (BCFP) to withdraw a specific rule. This rule, known as "Consumer Financial Protection Circular 2024-02," addresses deceptive marketing practices related to the speed and cost of sending money transfers, also known as remittances. The objective is to ensure that consumers are protected from misleading information when they send money, particularly to other countries.