hold on there's just too much going on in Congress lmao...
Disapproves BCFP rule withdrawal on returned deposited item fees.
Senator Lujan (D-NM).
Introduced in Senate, referred to committee.
This bill aims to block a decision by the Bureau of Consumer Financial Protection (BCFP) that had withdrawn an earlier rule (Bulletin 2022-06) concerning unfair fees charged for returned deposited checks. If passed, it would effectively keep the original protections against these fees in place. Senator Ben Ray Lujan (D-NM) introduced this resolution, which is currently being considered by the Senate Banking, Housing, and Urban Affairs Committee.
Introduced Mar 26, 2026
This joint resolution was introduced in the Senate by Senator Lujan on March 26, 2026. It has been referred to the Senate Committee on Banking, Housing, and Urban Affairs. For it to become law, it must pass both the Senate and the House of Representatives, and then be signed by the President.
If this resolution becomes law, it would prevent the Bureau of Consumer Financial Protection's (BCFP) decision to withdraw its guidance on unfair returned deposited item fees from taking effect. This means the original guidance (Bulletin 2022-06), which aimed to protect consumers from certain unfair bank fees related to deposited checks that bounce, would remain active. As a result, banks and other financial institutions would likely continue to operate under stricter rules regarding how and when they can charge customers for these types of fees.
Supporters Say
The bill text does not provide arguments from supporters.
Critics Say
The bill text does not provide arguments from critics.
The provided bill text is a joint resolution for disapproval and does not include explicit arguments from supporters or critics regarding the BCFP's withdrawal rule or this resolution.