S. J. RES. 18 is a joint resolution in the United States Senate that seeks to nullify a rule issued by the Bureau of Consumer Financial Protection. The rule in question concerns "Overdraft Lending: Very Large Financial Institutions," and its disapproval would render the rule...
Simple Explanation
S. J. RES. 18 is a plan by some people in the U.S. Senate to stop a new rule that tells big banks how to handle when you spend more money than you have in your account. They want to block this rule, but it's not clear why or what they will do instead.