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 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".

Summary

The House joint resolution would disapprove a Consumer Financial Protection Bureau rule that removes a circular allowing consumers to reopen deposit accounts they previously closed. If passed, the rule would have no legal effect, leaving the original guidance in place. The measure concerns banks, other financial institutions, and the consumers they serve.

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