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 2024-01: Preferencing and Steering Practices by Digital Intermediaries for Consumer Financial Products or Services".

Summary

The Senate has introduced a joint resolution that disapproves a Consumer Financial Protection Bureau rule that would withdraw an existing regulation on how digital platforms steer consumers toward financial products. If adopted, the resolution would render the withdrawal rule ineffective, keeping the original rule in place. This action targets the CFPB's attempt to change oversight of digital intermediaries that connect consumers with financial services.

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