Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
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Placed on the Union Calendar, Calendar No. 16.
This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.
- Introduced in House Formatted Text PDF Formatted XML
- Reported in House Formatted Text PDF Formatted XML
- GOWEST CREDIT UNION ASSOCIATION
- CHAMBER OF COMMERCE OF THE U.S.A.
- CONSUMER BANKERS ASSOCIATION
- CALIFORNIA AND NEVADA CREDIT UNION LEAGUES
- CALIFORNIA AND NEVADA CREDIT UNION LEAGUES
- GOWEST CREDIT UNION ASSOCIATION
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Treasury, Dept of
- Consumer Financial Protection Bureau (CFPB)
- Federal Reserve System
- Office of the Comptroller of the Currency (OCC)
- Federal Deposit Insurance Corporation (FDIC)
- Office of Management & Budget (OMB)
Cite this page
U.S. Congress. (2026). H.J. Res. 59: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".. 119th Congress. Open America. https://openamerica.io/bill/119-HJRES-59/
"H.J. Res. 59: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HJRES-59/.
H.J. Res. 59, 119th Cong. (2026), https://openamerica.io/bill/119-HJRES-59/.
[H.J. Res. 59: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".](https://openamerica.io/bill/119-HJRES-59/)