Voice your opinion on congressional bill HJRES122-118 and let lawmakers know your stance with UnPac!

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Credit Card Penalty Fees (Regulation Z) and published on March 15, 2024. The rule lowers the safe-harbor cap on certain credit card late fees. In particular, late fees allowed under safe-harbor provisions must be capped at $8 when charged by a large credit card issuer. This cap is not subject to annual adjustment to reflect inflation.

HJRES121-118, SJRES70-118,

House floor actions Actions

Calendars
Jul. 30 2024	Placed on the Union Calendar, Calendar No. 516.

Committee
Jul. 30 2024	Reported by the Committee on Financial Services. H. Rept. 118-618.

IntroReferral
Mar. 29 2024	Referred to the House Committee on Financial Services.

Library of Congress Actions

Committee
Jul. 30 2024	Reported by the Committee on Financial Services. H. Rept. 118-618.

IntroReferral
Mar. 29 2024	Introduced in House Introduced in House

House committee actions Actions

Committee
Apr. 17 2024	Ordered to be Reported by the Yeas and Nays: 28 - 22. Committee Consideration and Mark-up Session Held

House bill HJRES122-118

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 "Credit Card Penalty Fees (Regulation Z)".

House bill HJRES122-118

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 "Credit Card Penalty Fees (Regulation Z)".

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