Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".

This joint resolution would cancel a new rule from the Consumer Financial Protection Bureau about overdraft fees at very large banks. The rule was published on December 30, 2024, and required these banks to either limit overdraft charges to $5, set a higher amount with justification, or treat overdrafts like credit and follow Truth in Lending Act rules for disclosures. If passed, this resolution would make that rule no longer valid.

Your Vote