A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Latest action (May 9, 2025) — No: 119-10.
What it does
Congressional Research Service, May 9, 2025This 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.
Face Value
as enrolledHow much of this bill its name accounts for.
- Every bill starts at100
- Nothing counted against it: one area of law, and short enough that length doesn't register.
Face Value measures reach, not honesty. A big bill can be accurately named, and a low score is not an accusation — it means the contents reach further than any short title could describe. Count it yourself ↗ How this is worked out
What Congress did
1 recordeddecisive vote
House · Apr 9, 2025
Whether the bill passes the House. This is the vote most people mean.
Who lobbied on this
5 organizationsThese organizations told Congress, in their own quarterly disclosures, that they were lobbying on this bill.
- Bank of America Corporationno position stated
“…provisions related to regulatory capital and liquidity. S.J.Res. 18, A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very…” filing ↗
- Bank Policy Instituteno position stated
“…S.J. Res. 18, A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very…” filing ↗
- Consumer Bankers Associationno position stated
“…other purposes Senate S. 1362- Transparency in CFPB Cost-Benefit Analysis Act (118th Congress) S. 381- 10 Percent Credit Card Interest Rate Cap Act S.J.Res. 18- A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very…” filing ↗
- Independent Community Bankers of Americano position stated
“…Stablecoins Act of 2025 S.J. Res 18 CRA Resolution Disapproving of the CFPB Overdraft Rule Bank-fintech partnerships Bank Loan Privacy Act Bank Merger Competitive Review…” filing ↗
- United Services Automobile Associationno position stated
“…National Flood Insurance Program Insurance regulatory and underwriting issues Data security and privacy VA lending issues Military financial security S.J.Res.18, a joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very…” filing ↗
Most filings say only that an organization lobbied on a bill, not which side it took — where that's the case we say so rather than guessing. Quotes are verbatim from the filing. How this is built.
Discussion
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