Bill · H.J.Res. 59· House(119-HJRES-59)

Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".

Age: 70 years

Arkansas

Introduced: 2/13/2025
Last activity: 3/21/2025 — Placed on the Union Calendar, Calendar No. 16.
Sponsored by: J. Hill
Cosponsors: - 17 - 0

Finance and Financial Sector

Introduced
On Calendar

What this bill would do

This joint resolution seeks to disapprove a specific final rule. The rule was submitted by the Bureau of Consumer Financial Protection regarding "Overdraft Lending: Very Large Financial Institutions." If passed, the resolution would ensure that the rule has no force or effect. It was submitted by Mr. Hill of Arkansas and several other members of the House.

Yes

Would high-income households be better off under this?+1
Financial institutions will face fewer regulatory restrictions on their overdraft lending practices.
Would business owners be better off under this?+1
The resolution reduces the regulatory oversight of large financial institutions which may impact broader economic ease.
Does this make it easier to run a small business?+1
The resolution removes regulatory requirements regarding overdraft lending for large financial institutions, which may reduce compliance burdens.

The opposite· 3 of 6

Does this give people more protection from unfair business practices?-3
By disapproving the CFPB rule on overdraft lending, the resolution eliminates protections intended to regulate how large institutions handle overdrafts.
Would households on low incomes be better off under this?-2
The loss of overdraft regulations can disproportionately affect lower-income demographics.
Does this give the federal government more power?-2
The resolution limits the authority of the Bureau of Consumer Financial Protection to implement its overdraft lending rule.