CFPB Overdraft Lending Rule for Very Large Financial Institutions

Current understanding

To be populated as evidence accumulates.

Evidence log

• 2026-03-26 — A joint resolution 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 “Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices”.: cross-connection with sjres153-cfpb-returned-deposited-item-fee-withdrawal: Returned deposited item fees and overdraft lending are companion CFPB consumer-fee enforcement priorities. (novelty: 2)
• 2025-03-21 — Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to “Overdraft Lending: Very Large Financial Institutions”.: 2025 — H.J.Res. 59 introduced as a Congressional Review Act joint resolution to disapprove and nullify the CFPB’s December 2024 final rule capping overdraft charges at $5 (or a justified higher amount) or requiring Truth in Lending Act treatment at very large financial institutions. (novelty: 3)
• 2025-05-09 — A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to “Overdraft Lending: Very Large Financial Institutions”.: Congress passed a joint resolution of disapproval nullifying the CFPB’s December 2024 final rule (which would have capped overdraft charges at $5 or required Truth in Lending Act treatment at banks/credit unions with over $10 billion in assets); enacted as Public Law 119-10, meaning the rule has no legal effect and the CFPB is barred from issuing a substantially similar rule without new congressional authorization. (novelty: 3)

Open questions

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