S.J.Res. 153 — 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 "Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices".

S.J.Res. 153 — 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 "Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices". | 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) to withdraw a rule that was aimed at regulating unfair practices related to fees charged on returned deposited items. This rule, known as Bulletin 2022-06, was designed to protect consumers from excessive or unfair fees that banks and financial institutions might impose when a deposited check bounces or is returned. The key provision of this resolution is the explicit disapproval of the BCFP's withdrawal of the Bulletin 2022-06.