Source archive Tier A
Public Law 119-10: Congressional Disapproval of the CFPB Overdraft Rule (S.J. Res. 18, May 9, 2025)
Public Law 119-10, 139 Stat. 53. 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 'Overdraft Lending: Very Large Financial Institutions.' S.J. Res. 18, 119th Congress. Approved May 9, 2025.
Custody docket
- Record
- pl-119-10-overdraft-rule-disapproval-2025
- Type
- archive
- Trust tier
- A
- Status
- published
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Congress repealed the overdraft rule under the Congressional Review Act, four months and ten days after it was published.
Verbatim, from the Public Law itself: “That Congress disapproves the final rule submitted by the Bureau of Consumer Financial Protection relating to ‘Overdraft Lending: Very Large Financial Institutions’ (89 Fed. Reg. 106768 (December 30, 2024)), and such rule shall have no force or effect. Approved May 9, 2025.”
The rule it names is cfpb-overdraft-lending-final-rule-2024, the rule containing the sentence “unless it is provided … as a true courtesy to consumers” and the finding that “Black households and Latino households are more likely to incur overdraft fees than white households.”
Legislative history: passed the Senate March 26-27, 2025; passed the House April 9, 2025; signed May 9, 2025.
Note on dates: secondary coverage frequently renders the enactment as “April 2025,” the month of the House vote. The Public Law text is unambiguous: Approved May 9, 2025. PDF fetched and read directly.
Provenance
- Creator
- 119th Congress of the United States
- Published
- 2025
- Accessed
- 2026-07-13
- External record
- https://www.congress.gov/119/plaws/publ10/PLAW-119publ10.pdf
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