Became Public Law No: 119-10.
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Chamber: United States Senate (The United States of America)
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.
Sponsors
(17)
MRMike Rounds
Republican · Primary
BHBill Hagerty
Republican · Primary
MCMike Crapo
Republican · Primary
TTThomas Tillis
Republican · Primary
KCKevin Cramer
Republican · Primary
KBBKatie Boyd Britt
Republican · Primary
JMJerry Moran
Republican · Primary
JRJames Risch
Republican · Primary
JBJohn Boozman
Republican · Primary
RWRoger Wicker
Republican · Primary
CLCynthia Lummis
Republican · Primary
PRPete Ricketts
Republican · Primary
BMBernie Moreno
Republican · Primary
SDSteve Daines
Republican · Cosponsor
JTJohn Thune
Republican · Cosponsor
Legislative Votes
United States House of Representatives: U.S. House Vote #96
Apr 9, 2025 Yes: 217
No: 211
Not Voting: 0
Absent: 5
Chamber Visualization
Yes
No
Not Voting
Absent
Circle color = party affiliation · Border color = vote
