H. J. RES. 121 is a joint resolution that expresses Congress's disapproval of a specific rule issued by the Bureau of Consumer Financial Protection. This rule concerns "Credit Card Penalty Fees (Regulation Z)" and was published in the Federal Register on March 15, 2024. By passing this...
Simple Explanation
Congress is saying, "No" to a new rule about extra fees on credit cards, and they want to make sure this rule doesn't become real so people and banks don't have to worry about it.