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 2022-06: Unanticipated Overdraft Fee Assessment Practices".

This joint resolution proposes to use the Congressional Review Act to overturn a specific rule issued by the Bureau of Consumer Financial Protection (CFPB). The rule in question involves the withdrawal of previous guidance known as Consumer Financial Protection Circular 2022-06, which addressed how financial institutions assess overdraft fees that consumers could not reasonably anticipate. By disapproving of the CFPB's decision to withdraw that guidance, this resolution aims to restore or maintain specific federal oversight regarding these fee practices. If enacted, the resolution would prevent the CFPB from moving forward with its withdrawal of the 2022 circular. For everyday citizens, this could impact how banks and credit unions are regulated when charging fees for overdrawn accounts, specifically in cases where the consumer may not have been aware a fee would be triggered. As a joint resolution, this measure would have the force of law if passed by both chambers of Congress and signed by the President.