A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Credit Union Administration relating to "Withdrawal of Fee Reporting Requirements"

Progress

Timeline

• Mar 24Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

**What it does:** This is a congressional resolution that would overturn a recent rule change by the National Credit Union Administration (NCUA). The NCUA rule eliminated certain requirements for credit unions to report fees they charge to members. **Who it affects:** - Credit union members (consumers who use credit union services) - Credit unions and their management - Federal regulators who oversee credit unions **What would change:** If this resolution passes, it would restore the previous fee reporting requirements that the NCUA had removed. This means credit unions would again have to report certain fees to federal regulators, potentially providing more transparency about what fees members are being charged. **Current status:** The resolution is still in committee, so Congress hasn't voted on it yet. It uses the Congressional Review Act, which allows Congress to disapprove federal agency rules within a specific timeframe.

How This Affects You