hold on there's just too much going on in Congress lmao...
Disapproves CFPB rule withdrawing guidance on bank fees.
Rep. Williams (D-GA)
Introduced in House, referred to committee.
This resolution aims to prevent the Bureau of Consumer Financial Protection (CFPB) from withdrawing its previous guidance (Bulletin 2022-06) concerning unfair fees banks charge for returned deposited items. By disapproving the withdrawal, the resolution intends for the original guidance to remain in effect. Representative Williams, a Democrat from Georgia, introduced the bill, which has been sent to the House Committee on Financial Services for review.
Introduced Apr 30, 2026
The bill was introduced in the House of Representatives on April 30, 2026, by Representative Williams and referred to the Committee on Financial Services. For it to become law, it must pass both the House and Senate, and then be signed by the President. If it passes, it would prevent the CFPB's rule to withdraw its guidance from taking effect.
If this resolution passes, the CFPB's original guidance (Bulletin 2022-06) on unfair returned deposited item fees would remain in effect. This means banks would continue to have specific recommendations from the CFPB on how to handle fees when a check you deposit bounces. This could lead to continued consumer protections and oversight regarding these types of banking fees.
Supporters Say
Supporters likely argue this bill protects consumers from unfair bank fees and ensures CFPB oversight.
Critics Say
Critics might argue this bill interferes with the CFPB's regulatory discretion or impacts bank operations.
Supporters would contend that preventing the withdrawal of Bulletin 2022-06 is crucial for consumer protection, especially for individuals who might face unexpected fees when depositing bad checks. They might emphasize maintaining strong regulatory oversight to prevent practices perceived as unfair. Critics, possibly from the banking industry or those advocating for less regulation, might argue that the original bulletin placed unnecessary burdens on financial institutions or that the CFPB should have the flexibility to adjust its guidance as needed.