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 2023-02: Reopening Deposit Accounts That Consumers Previously Closed".
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Summary
This joint resolution uses the Congressional Review Act to disapprove a rule by the Bureau of Consumer Financial Protection that withdrew a 2023 guidance circular on reopening deposit accounts previously closed by consumers. If passed, the disapproval would nullify the withdrawal, effectively reinstating the 2023 circular's requirements.
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