This is a congressional resolution that blocks a decision by the Consumer Financial Protection Bureau (CFPB) to withdraw an important consumer protection rule. Here's what's happening: In 2024, the CFPB created a rule called "Preferencing and Steering Practices by Digital Intermediaries" that was designed to protect consumers from unfair practices by online platforms and apps that help people find financial products like loans, credit cards, and bank accounts. These platforms sometimes steer customers toward products that make the platform more money rather than what's best for the customer. In May 2025, the CFPB decided to withdraw (cancel) this protective rule. This resolution says Congress disagrees with that decision and is blocking it. If this resolution passes both the Senate and House, the CFPB's withdrawal will be cancelled, and the original consumer protection rule will remain in effect. This means digital intermediaries will still have to follow the rules about fair treatment and transparency when helping consumers shop for financial products.

Warren, Elizabeth

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 2024-01: Preferencing and Steering Practices by Digital Intermediaries for Consumer Financial Products or Services".