Opportunities in the Congressional Review Act, the 'other CRA'

The rarely used Congressional Review Act provides an opportunity for Congress and the president to overturn regulatory rulemakings — and the GOP trifecta in 2025 will bring new regulations up for review. On the latest episode of the ABA Banking Journal Podcast — sponsored by TransUnion — ABA experts Kirsten Sutton and Ginny O'Neill break down details about CRA that bankers need to know:

• Which rulemakings are subject to CRA disapproval resolutions — in financial services, principally Section 1033 and the newly finalized overdraft rule.
• How the GOP Congress might prioritize regulatory actions for CRA resolutions.
• The limitations on CRA and why, as Sutton says, "this is not a magic wand situation where Congress can just step in and CRA everything that we have a problem with."

This episode is presented by TransUnion.