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 "Limited Applicability of Consumer Financial Protection Act's 'Time or Space' Exception With Respect to Digital Marketing Providers"

Progress

Timeline

• Apr 27Placed on Senate Legislative Calendar under General Orders. Calendar No. 397.
• Mar 26Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

This joint resolution would overturn a rule from the Consumer Financial Protection Bureau (CFPB) regarding digital marketing and consumer financial laws. **What it does:** Uses Congress's authority to reject and nullify a specific CFPB rule about how consumer protection laws apply to digital marketing providers. **Who it affects:** - Digital marketing companies that promote financial products online - Financial companies that use digital marketing services - Consumers who see financial product advertisements online **What would change:** If passed, this would restore previous regulations that gave broader exemptions to digital marketing providers from certain consumer financial protection requirements. The CFPB's rule attempted to limit these exemptions, but this resolution would block that change. **Current status:** The resolution is still in committee and has not been voted on by the full Congress. The resolution essentially represents a disagreement between Congress and the CFPB about how strictly to regulate digital financial marketing.

How This Affects You