H.J.Res. 175House119th Congress (2025-2027)In Committee

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".

AI-Generated Summary

Updated May 5, 2026 at 8:31 AM UTC

This joint resolution tells the Bureau of Consumer Financial Protection that Congress does not approve its recent rule that would withdraw an existing regulation on deceptive marketing practices related to the speed or cost of sending remittance transfers. By disapproving the rule, Congress ensures that the original consumer protection rule stays in effect and the withdrawn rule has no legal force.

Key Provisions

Congress formally disapproves the CFPB’s rule that would remove the existing regulation on deceptive marketing of remittance transfers.
The disapproved rule is declared to have no force or effect, meaning the original consumer protection requirements remain in place.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

May 4, 2026

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HouseIntro Referral

Introduced in House

May 4, 2026

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

May 4, 2026

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Introduced in HouseIssued May 4, 2026

119th CONGRESS

2d Session

H. J. RES. 175

IN THE HOUSE OF REPRESENTATIVES

May 4, 2026

Mr. Torres of New York submitted the following joint resolution; which was referred to the Committee on Financial Services

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.

That Congress disapproves 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 (89 Fed. Reg. 27357 (April 17, 2024)) (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.