Congress disapproves a rule by the Bureau of Consumer Financial Protection regarding deceptive representations involving the FDIC's name or logo.
This bill, SJR175, provides for congressional disapproval of a rule by the Bureau of Consumer Financial Protection. The rule in question involves the withdrawal of "Consumer Financial Protection Circular 2022-02: Deceptive Representations Involving the FDIC's Name or Logo or Deposit Insurance." The disapproval means the rule will have no force or effect. This action aims to prevent deceptive practices involving the Federal Deposit Insurance Corporation's name or logo.
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