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S.J.Res.19 - 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 prepaid accounts under the Electronic Fund Transfer Ac

115th Congress

A bill has been introduced by seven GOP Senators, led by Senator David Perdue of Georgia, to repeal a Consumer Financial Protection Bureau rule protecting consumers of prepaid cards against fraud, hidden fees, and unauthorized charges. The bill has now been moved through Committee and has been placed on the Senate Legislative Calendar. A similar bill has been introduced in the House as well.