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 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".

Summary

The Senate joint resolution rejects a Consumer Financial Protection Bureau rule that would have removed a regulation targeting deceptive marketing about the speed or cost of sending remittance transfers. By disapproving the rule, Congress would keep the original consumer‑protection requirements in force. The measure was introduced by Sen. Ruben Gallego but the Senate voted against moving it forward.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share