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Referred to the House Committee on Financial Services.
Introduced February 13, 2025 by French Hill · Last progress 1 year ago
Nullifies a specific Bureau of Consumer Financial Protection final rule on overdraft lending that was published December 30, 2024 (89 Fed. Reg. 106768). The law states that the CFPB rule "has no force or effect," so the agency may not enforce or implement that rule while this statutory language remains in place.