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)".

This joint resolution (HJRES 121) seeks congressional disapproval of a Consumer Financial Protection Bureau (CFPB) rule published on March 15, 2024, that would have limited credit card penalty fees under Regulation Z. If passed, it would block the CFPB's proposed rule from taking effect, preventing it from restricting how credit card companies charge late or over-limit fees. The resolution directly affects credit card issuers (who would retain current fee practices) and cardholders (who would not benefit from potential fee reductions). It uses the Congressional Review Act process (chapter 8 of title 5 U.S. Code) to halt the rule without altering existing law. This is a procedural measure, not a new policy.