This joint resolution would disapprove under chapter 8 of title 5 a rule submitted by the Bureau of Consumer Financial Protection (CFPB). The rule being disapproved is the CFPB's rule that withdrew "Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer" (published at 90 Fed. Reg. 20084 on May 12, 2025). The resolution states that the CFPB's withdrawal rule shall have no force or effect.
If the resolution is enacted, the CFPB's rule that withdrew Circular 2024-02 would be invalidated and the withdrawal would not take effect. No publicly available information on specific effects for individuals or businesses beyond this nullification.
No publicly available information.
The resolution was introduced by Representative Ritchie Torres. The text of the resolution does not include detailed statements of support or arguments. No publicly available information beyond the sponsor and the text.
No publicly available information.