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".
United States119th CongressSJRES-131Senate
Updated: May 13, 2026
Summary
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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Latest companion bill action
HJRES-175: 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".Referred to the House Committee on Financial Services.
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