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)".

HJRES 122 is a resolution seeking to block a rule by the Consumer Financial Protection Bureau (CFPB) that would have regulated credit card penalty fees. The rule, published on March 15, 2024, aimed to limit how credit card companies charge fees for late payments or other violations. If approved, this resolution would disapprove the rule under a specific legal process, preventing it from taking effect. This directly affects credit card issuers (banks and financial institutions) by allowing them to continue current fee practices without the proposed restrictions.