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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Timeline

  1. Placed on Senate Legislative Calendar under General Orders. Calendar No. 387.

    Senate

  2. Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).

    Senate

  3. Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2269-2270)

    Senate

  4. Motion to proceed to consideration of measure rejected in Senate by Voice Vote.

    Senate