A joint resolution 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 rule from the Consumer Financial Protection Bureau that was published on December 30, 2024. That rule required very large banks to limit the fees they charge customers when they spend more money than they have in their accounts, known as overdraft fees. Under the rule, these banks had to either cap overdraft fees at $5, cap them at a higher amount with justification, or treat overdrafts as a form of credit and follow lending disclosure rules. If this resolution passes, that rule would no longer be in effect.

Your Vote