Republicans in Congress show signs of their commitment to dismantling Biden era rules - R Street Institute

Senate Republicans vote to let banks gouge customers with higher overdraft fees

The U.S. Senate just advanced a resolution on a party-line vote to give banks more leeway to charge customers exorbitant fees if they don't have enough money in their accounts.On Wednesday, senators passed a bill by Sen. Tim Scott (R-S.C.), who chairs the Senate Banking Committee, aimed at undoing a rule imposed by the Consumer Financial Protection Bureau (CFPB) under former President Joe Biden to cap overdraft fees at just $5. The rule was set …

Republicans in Congress show signs of their commitment to dismantling Biden era rules - R Street Institute

Senate Banking Chairman Tim Scott (R-S.C.) and House Financial Services Chairman French Hill (R-Ark.) introduced Congressional Review Act (CRA) resolutions to dismantle the Consumer Financial Protection Bureau (CFPB) rule capping overdraft fees at $5. Under the leadership of one of the most prolific members of the Biden administration, CFPB Director Rohit Chopra, the agency released a... The post Republicans in Congress show signs of their commi…

Department of Energy Further Postpones Biden-Era Home Appliance Rules

U.S. Secretary of Energy Chris Wright said on Monday that the Department of Energy (DOE) had further postponed the effective dates for three Biden-era home appliance mandates. The mandates were previously postponed in February. The department has delayed “effective dates for three home appliance rules: Test Procedures for Central Air Conditioners and Heat Pumps, Efficiency Standards for Walk-In Coolers and Freezers, and Efficiency Standards for …

Republican Senators seek to use CRA to void medical debt rule

Republican senators have introduced a Congressional Review Act resolution to nullify the rule that bans banks and credit unions from including medical debt on credit reports and generally prohibits the use of medical information in credit decisions. That CFPB rule was issued on January 7, 2025, less than two weeks before President Biden left office.... Continue Reading

DOE Delays Three Biden-Era Appliance Rules As Republicans Push To Overturn Them

DOE delays three Biden-era appliance rules, including energy standards for air conditioners and freezers, with the GOP using the CRA to cancel them.

DOE delays three Biden energy efficiency standards for appliances

“Under President Trump’s leadership, the Department of Energy is taking critical steps every day to help American families prosper,” DOE Secretary Chris Wright said in a statement. “By removing burdensome regulations put in place by the Biden administration, we are returning freedom of choice to the American people, ensuring consumers can choose the home appliances that work best for their lives and budgets,” Wright added. “This power should not…