A 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".
USA119th CongressSJRES-131| Senate
| Updated: 4/27/2026
Ruben Gallego
Democratic Senator
Arizona
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This joint resolution proposes to nullify a rule issued by the Bureau of Consumer Financial Protection (CFPB) that sought to withdraw "Consumer Financial Protection Circular 2024-02." This original circular provided guidance on deceptive marketing practices concerning the speed or cost of sending remittance transfers. The resolution utilizes the congressional disapproval process to prevent the CFPB's withdrawal rule from taking effect. By disapproving the withdrawal, Congress aims to ensure that Circular 2024-02 remains in full force and effect. This action would maintain existing consumer protections against misleading advertisements regarding international money transfers, reinforcing the CFPB's initial stance on transparency in the remittance market.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 387.
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Finance and Financial Sector
A 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".
USA119th CongressSJRES-131| Senate
| Updated: 4/27/2026
This joint resolution proposes to nullify a rule issued by the Bureau of Consumer Financial Protection (CFPB) that sought to withdraw "Consumer Financial Protection Circular 2024-02." This original circular provided guidance on deceptive marketing practices concerning the speed or cost of sending remittance transfers. The resolution utilizes the congressional disapproval process to prevent the CFPB's withdrawal rule from taking effect. By disapproving the withdrawal, Congress aims to ensure that Circular 2024-02 remains in full force and effect. This action would maintain existing consumer protections against misleading advertisements regarding international money transfers, reinforcing the CFPB's initial stance on transparency in the remittance market.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 387.
Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Ruben Gallego
Democratic Senator
Arizona
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted