Search Results: keywords:"financial institutions regulation"

  • H. J. RES. 59 — Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to Overdraft Lending: Very Large Financial Institutions.
    Status:Introduced in House
    Words:232

    H. J. RES. 59 is a joint resolution from the 119th Congress that aims to stop a rule issued by the Bureau of Consumer Financial Protection. The rule in question relates to "Overdraft Lending" practices by very large financial institutions, and this resolution would ensure...

    Simple Explanation

    H. J. RES. 59 is like saying "no" to a new rule about bank fees when someone spends too much money from their account. Some big banks might have to wait to see what happens next if people don't like the rule.

  • H. R. 533 — To make reforms to the Bank Secrecy Act, and for other purposes.
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    Status:Introduced in House
    Words:1,276

    H.R. 533, titled the "Bank Privacy Reform Act," aims to reform the Bank Secrecy Act by amending several sections of existing financial privacy laws. The bill focuses on tightening the conditions under which government authorities can access financial records, ensuring that such access is only...

    Simple Explanation

    H.R. 533 is a bill that changes rules about how the government can see people's bank records, making it harder for them to do so without a special permission paper, while also getting rid of some rules for banks to report information, which might make things a bit confusing.