This week: Stablecoin markup, hearings on CTR threshold bill, CFPB comment deadlines

March 30, 2025

Congress is in session this week with several important hearings and proposed rule comment deadlines scheduled throughout the week.

On the House floor, the chamber is expected to consider a joint resolution of disapproval of the CFPB’s Overdraft Rule after the Senate passed the measure 52-48 last week.

On the Senate floor, the chamber is expected to try to tackle a compromise budget resolution later this week that seeks to iron out differences between the previously passed House and Senate versions. Both chambers will need to pass such a resolution to begin the reconciliation process and consider tax reform legislation.

Other highlights include:

  • Today is the last day to submit public comment on a CFPB proposed rule amending the Electronic Fund Transfer Act (EFTA). Specifically, the proposed rule seeks to provide guidance on the personal use of “stablecoins.”
  • Tuesday, the House Financial Services Committee will conduct a hearing titled "Following the Money: Tools and Techniques to Combat Fraud,” at 10 a.m. Eastern.  Discussion about Rep. Loudermilk’s, R-Ga., Financial Reporting Threshold Modernization Act (H.R. 1799) is anticipated. The bill would raise the CTR threshold from $10,000 to $30,000.
  • Tuesday the House Small Business Committee conducts a hearing on deregulation, during a hearing titled “The Golden Age: Unleashing Main Street Through Deregulation,” starting at 10 a.m. Eastern.
  • On Wednesday, the House Financial Services Committee is expected to hold a markup of its version of stablecoin legislation – the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, as well as an America’s Credit Unions supported bill to overturn the CFPB’s 1071 rulemaking, H.R. 976, among other measures.
  • The comment deadline for the CFPB proposed rule seeking to prohibit certain terms in consumer agreements expires Tuesday, with public comments accepted until midnight.
  • Wednesday, the House Judiciary Committee holds a hearing on AI, titled “Artificial Intelligence: Examining Trends in Innovation and Competition,” at 10 a.m. Eastern.
  • The comment deadline for the CFPB proposed rule altering data broker practices and expanding reporting requirements on consumer reports expires Wednesday, following a 30-day extension. America’s Credit Unions will file comments by the deadline and continue to urge the CFPB to withdraw the proposal and reconsider the bureau’s approach.