Resolution to Overturn CFPB Rule on Remittance Marketing
May 4, 2026
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Where This Stands
Currently in_committee. The next step in the legislative lifecycle is Floor Vote.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →The Frame
This resolution determines whether the CFPB can maintain its withdrawal of guidance that previously warned financial companies against misleading consumers about the speed and cost of international s.
Potentially affected actors named in the source documents. Mention is not a position.
Bureau of Consumer Financial Protection
The agency's regulatory action is being nullified by this resolution.
Financial institutions and remittance providers
These entities are subject to the marketing standards and guidance regarding the disclosure of transfer costs and speeds.
Current stage: in_committee.
Floor Vote.
Summary
Key Facts
- H.J. Res. 175 formally disapproves of a rule submitted by the Bureau of Consumer Financial Protection (CFPB).
- The rule in question is the withdrawal of 'Consumer Financial Protection Circular 2024-02', which addressed deceptive marketing practices regarding remittance transfer speed and cost.
- The original circular was published at 89 Fed. Reg. 27357 on April 17, 2024.
- The CFPB's withdrawal of that circular was published at 90 Fed. Reg. 20084 on May 12, 2025.
- If enacted, the resolution mandates that the CFPB's withdrawal rule shall have no force or effect.
- The resolution is introduced under the authority of Chapter 8 of Title 5 of the United States Code, which allows Congress to review and overturn agency rules.
Why It Matters
This resolution determines whether the CFPB can maintain its withdrawal of guidance that previously warned financial companies against misleading consumers about the speed and cost of international s.
Frequently Asked Questions
What does this resolution actually do?
What are remittance transfers?
News Coverage
Lobbying Activity
60 Plus Association
2026
“Signed a coalition letter opposing any efforts to raise the corporate tax rate above the 21% level set in the 2017 Tax Cuts and Jobs Act (TCJA). Signed a coalition in support of the Family Business Legacy Act, H.R. 6329. This legislation creates parity in the tax code between the estate and gift taxes by allowing an estate tax deduction for contributions to 501(c)(4), (c)(5), and (c)(6) organizations. Signed a coalition letter urging opposition to proposals that would raise taxes on carried interest investment income.The letter is urging Congress to reject the misnamed Carried Interest Fairness Act, legislation recently reintroduced by Senators Tammy Baldwin, Elizabeth Warren, Bernie Sanders, and other progressive members of Congress. This legislation that would increase the tax rate on carried interest investment by 70%, from 23.8% to 40.8%. Signed a coalition letter in support of H.R.574 - ALIGN Act and highlight the 100% bonus depreciation provision's importance as the tax cut reauthorization efforts continue. Signed a coalition to support of repealing IRA's green new deal subsidies in reconciliation to pay for tax cuts. Signed a coalition letter regarding digital services taxes (DST) in an effort to stop Canadas imposition of a discriminatory digital services tax (DST) on U.S. firms and your efforts to include restrictions on the imposition of DSTs and other unfair digital policies in recently announced trade agreements-providing a model for future trade negotiations. Signed a coalition letter urging the President to index capital gains for inflation.”
ILLINOIS ASSOCIATION OF SCHOOL BOARDS
ENVIRONMENTAL LAW AND POLICY CENTER
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Congressional Review Act Usage
The resolution demonstrates an attempt to use the Congressional Review Act to reverse a specific agency withdrawal of guidance, rather than a new regulation.
Connected Entities
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy50Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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