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Congress·In Committee·S.J.Res. 131

Rules Against Deceptive International Money Transfer Marketing

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 "Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".

3 days ago·View on Congress.gov

Legislative Progress

Senate
House
President
Law

Key Points

  • Sen. Gallego introduced a resolution to stop the Consumer Financial Protection Bureau (CFPB) from canceling a rule about international money transfers.
  • The rule being protected prevents companies from lying to customers about how much it costs to send money abroad or how long the transfer will take.
  • If this resolution passes, the government would continue to treat misleading ads about "instant" or "free" transfers as illegal deceptive practices.
  • This action aims to protect millions of people who send money to family in other countries from being overcharged or misled by transfer services.

Milestones

2 milestones2 actions
Mar 18, 2026Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Mar 18, 2026

Introduced in Senate

Source Information

Document Type

Congressional Bill

Official Title

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 "Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".

Bill NumberSJRES 131
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

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