Summary

Nullifies a recently issued consumer-finance rule by the Consumer Financial Protection Bureau that addressed overdraft lending at very large banks. The rule cited (published Dec. 30, 2024) is declared to have no force or effect, so it cannot be implemented or enforced.

• Nullifies the CFPB's final overdraft-lending rule for very large banks published Dec. 30, 2024.
• The specified rule is declared to have no force or effect and cannot be implemented or enforced.
• Very large banks would not have to meet any new compliance obligations created by that rule.
• Consumers will not receive any protections or changes that the invalidated rule would have provided.
• The CFPB retains its broader statutory authority but cannot rely on this particular final rule text.
• The action does not appropriate funds, create new programs, or amend other statutes in the text provided.
• The resolution addresses a single regulatory action rather than multiple, unrelated topics.