A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
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What it does
Official summary
This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.
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More on this bill
Where it stands
Introduced
Passed Senate
Passed House
To President
Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
May 9Signed by President.Became Law
May 9Became Public Law No: 119-10.Minor
May 5Presented to President.To President
Apr 9Considered under the provisions of rule H. Res. 294. (consideration: CR H1519-1525)
Vote recorded On Passage. Result: Passed.House
Apr 9Rule provides for consideration of S.J. Res. 18, S.J. Res. 28, H.R. 1526 and H.R. 22. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28.
Apr 9DEBATE - The House proceeded with one hour of debate on S.J. Res. 18.
Apr 9The previous question was ordered pursuant to the rule.
Apr 9POSTPONED PROCEEDINGS - At the conclusion of debate on S.J. Res. 18, the Chair put the question on passage of the joint resolution and by voice vote, announced that the ayes had prevailed. Mr. Hill (AR) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Apr 9Considered as unfinished business. (consideration: CR H1533)
Apr 9Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519: 1)Passed House
Apr 9On passage Passed by the Yeas and Nays: 217 - 211 (Roll no. 96). (text: CR H1519)
Apr 9Motion to reconsider laid on the table Agreed to without objection.
Apr 7Rules Committee Resolution H. Res. 294 Reported to House. Rule provides for consideration of S.J. Res. 18, S.J. Res. 28, H.R. 1526 and H.R. 22. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28.
Apr 1Rules Committee Resolution H. Res. 282 Reported to House. Rule provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18 and S.J. Res. 28. The resolution provides for consideration of H.R. 22, H.R. 1526, S.J. Res. 18, and S.J. Res. 28 under a closed rule. The resolution provides for one hour of debate on each measure and one motion to recommit on H.R. 22 and H.R. 1526, and one motion to commit on S.J. Res. 18 and S.J. Res. 28. The resolution also provides that H. Res. 23 and H. Res. 164 are laid on the table.
Mar 31Message on Senate action sent to the House.
Mar 31Received in the House.
Mar 31Held at the desk.
Mar 27Considered by Senate. (consideration: CR S1879, S1884)
Vote recorded On the Joint Resolution S.J.Res. 18. Result: Joint Resolution Passed.Senate
Vote recorded On the Motion to Proceed S.J.Res. 18. Result: Motion to Proceed Agreed to.Senate
Mar 27Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 52 - 48. Record Vote Number: 153. (text: CR S1884)
Mar 26Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).Minor
Mar 26Placed on Senate Legislative Calendar under General Orders. Calendar No. 34.
Mar 26Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 152.Passed Senate
Mar 26Measure laid before Senate by motion. (consideration: CR S1864)
Feb 13Introduced in Senate
Feb 13Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Introduced