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".
Sponsored By: Representative Torres, Ritchie [D-NY-15]
Introduced
Summary
Preserve protections against deceptive remittance marketing. This joint resolution would disapprove the Consumer Financial Protection Bureau's rule that withdrew Consumer Financial Protection Circular 2024-02 on deceptive marketing about the speed or cost of sending a remittance transfer and would make that withdrawal have no force or effect.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Preserve CFPB remittance marketing rules
If enacted, this joint resolution would disapprove the CFPB rule that withdrew Consumer Financial Protection Circular 2024-02. The withdrawal rule (published May 12, 2025) would have no force or effect, so the circular on deceptive remittance marketing would remain in place. Consumers who send remittances would keep those protections and remittance companies and banks would still be subject to the guidance.
Sponsors & CoSponsors
Sponsor
Torres, Ritchie [D-NY-15]
NY • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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