Overturns the CFPB rule limiting overdraft fees at very large banks

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

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This 2025 law used the Congressional Review Act, which lets Congress overturn recent rules from federal agencies, to cancel a Consumer Financial Protection Bureau rule on overdraft fees issued in December 2024.^2,3 The rule covered very large financial institutions and would have required them either to cap overdraft fees, which are charged when an account lacks enough money to cover a payment, at $5, to set a higher cap they could justify, or to treat overdrafts as loans subject to Truth in Lending Act disclosure rules.² With the resolution enacted, the rule has no legal effect.²

§2Status

§3How Congress voted

Why this matters: The official count.