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

This joint resolution seeks to disapprove a final rule submitted by the Bureau of Consumer Financial Protection (BCFP) concerning "Overdraft Lending: Very Large Financial Institutions." The BCFP's rule, published on December 30, 2024, aimed to establish new regulations for how these institutions handle overdraft services. Should this resolution be enacted by Congress, the specified BCFP rule would be rendered without any force or effect . This legislative action would effectively prevent the implementation of the new federal regulations on overdraft lending practices for very large financial institutions.