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 Information Requests to Large Banks and Credit Unions".

Summary

The joint resolution rejects a Bureau of Consumer Financial Protection rule that would eliminate a regulation requiring large banks and credit unions to provide consumer information upon request. By disapproving the rule, Congress ensures the original consumer‑information requirement stays in effect. The measure impacts the CFPB, large financial institutions, and consumers who rely on those disclosures.

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