S.J.Res. 169 — 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 2022-06: Unanticipated Overdraft Fee Assessment Practices".

S.J.Res. 169 — 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 2022-06: Unanticipated Overdraft Fee Assessment Practices". | 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 regarding overdraft fees. This rule, known as Consumer Financial Protection Circular 2022-06, was intended to address practices related to unexpected overdraft fees charged by financial institutions. Key provisions of this resolution include a formal disapproval of the BCFP's withdrawal of the rule.