House resolution to overturn a consumer financial protection rule on overdrafts
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Table of Contents
This bill is a congressional resolution that seeks to overturn a specific rule issued by the Bureau of Consumer Financial Protection (CFPB). The rule in question concerns how very large financial institutions handle overdraft lending.
Why it matters: This is a procedural move used by Congress to block agency regulations. Its practical impact depends entirely on whether the House passes it and how the Senate responds.
Who it affects
- Very large financial institutions
This information comes from Congress.gov regarding a House bill; check the official text for specific legal details before relying on it.
Agency: House
Source: Congress.gov — read the official document