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".
Latest Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 387.
2026-04-27
Bill Summary
Congress is voting to reject a decision by the Consumer Financial Protection Bureau to withdraw its guidance on deceptive marketing practices related to money transfer services, which would restore protections that prevent companies from misleading customers about how fast or cheap it is to send money internationally or domestically. If approved, this would keep the consumer protection rules in place and prevent the agency from abandoning oversight of misleading advertising in the money transfer industry. The resolution targets workers and immigrants who frequently send money to family members and rely on accurate information about transfer speeds and costs.
