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 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".
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Summary
This joint resolution uses the Congressional Review Act to disapprove the Bureau of Consumer Financial Protection's decision to withdraw a 2024 rule addressing deceptive marketing practices regarding the speed or cost of remittance transfers. If passed, the resolution would nullify the CFPB's withdrawal action, effectively reinstating the rule that prohibits misleading claims about how quickly or cheaply consumers can send money transfers.
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