H.J.Res. 171, Consumer Protection Rollback. Quorum's AI analysis reads it as a net cost — and names who bears it.
H.J.Res. 171 · Net cost
What it does
This bill uses a Congressional Review Act procedure to block a CFPB decision to withdraw an earlier rule that had limited banks' ability to charge excessive fees when customers deposit bad checks. The effect: if passed, banks regain the ability to charge high returned-deposit fees without CFPB oversight, reversing consumer protections that were in place.
The analysis names large banks and financial institutions — and 1 more group — among the beneficiaries.
The cost
The bill targets a CFPB withdrawal decision, not the original rule — meaning it reverses a deregulatory move by the CFPB itself, suggesting the agency may have shifted toward industry-friendly positions and Congress is now blocking that shift.
The analysis put a high warning level on this bill. Transparency scores 75%, and the analysis found no provisions unrelated to the bill's subject.
Who is behind it
Filed by Nikema Williams.