This joint resolution would disapprove a rule submitted by the Bureau of Consumer Financial Protection (CFPB) that sought to withdraw "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions." The text states that the CFPB's withdrawal rule "shall have no force or effect." The resolution is submitted under chapter 8 of title 5, United States Code.
If enacted, the CFPB rule that would withdraw Circular 2024-03 would be nullified and would not take effect. No publicly available information on how this action would affect specific consumers, businesses, or contracts.
No publicly available information on budgetary effects, federal spending changes, or enforcement costs associated with this resolution.
No publicly available information.
No publicly available information.