Congress moves to restore overdraft protections banks tried to shed
H.J.Res. 169 — 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 2024-05: Improper Overdraft Opt-In Practices". · Filed by Nydia Velázquez (D-NY) · Introduced Apr 30, 2026 · Referred to committee
Your members of Congress
Enter a ZIP to see where your representative and both senators stood on this bill.
Looked up on this device — your ZIP is never stored on our servers.
What it does
This resolution blocks the CFPB's attempt to withdraw a consumer protection rule (Circular 2024-05) that restricts improper overdraft opt-in practices. By disapproving the CFPB's withdrawal, Congress restores the overdraft protection rule, preventing banks from using aggressive tactics to enroll consumers in overdraft fees.
Why we flagged it
This is a Congressional Review Act (CRA) disapproval resolution that uses the CRA's one-sentence procedural mechanism to block a regulatory withdrawal. The operative effect is restoration of a consumer protection rule, not deregulation.
What the text implies
- If enacted, this resolution would set a precedent for using CRA disapprovals to block agency rescissions of rules—a reversal of the typical CRA use (blocking new rules). This could constrain future administrations' ability to roll back regulations.
- The resolution targets a specific CFPB circular by name and Federal Register citation, making it a narrow legislative intervention in a discrete regulatory action rather than a broad policy statement.
- Passage would require either a veto-proof majority or presidential signature, creating a high bar for restoration—the CFPB withdrawal remains in effect unless both chambers and the President align.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
Ordinary consumers regain protection against predatory overdraft enrollment practices. Banks lose a regulatory rollback they had secured, but consumers gain restored safeguards against fees triggered by aggressive opt-in schemes.
Named in the bill
Bureau of Consumer Financial Protection (CFPB), Consumer Financial Protection Circular 2024-05, 89 Fed. Reg. 80075 (October 2, 2024), 90 Fed. Reg. 20084 (May 12, 2025), Chapter 8, Title 5, United States Code (Congressional Review Act)
Where it stands
- Apr 30, 2026 — Introduced · Congress.gov: “Introduced in House”
- Apr 30, 2026 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,364 characters) on Jun 3, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-10-20.
“Congress moves to restore overdraft protections banks tried to shed” QuorumCivic. https://share.quorumcivic.app/bill/119/hjres169 Report an error
The week in bills
One email, Sunday: what Congress passed, what it changed, and who paid.
One link arrives to confirm the address. It is used for this email and nothing else, and every issue carries an unsubscribe link.