On January 10, 2024, the ABA Banking Journal reported that the senate failed to override President Biden’s veto of a joint resolution to overturn the CFPB’s 0171 final rule. The Resolution cleared both houses of Congress by bipartisan votes but Biden vetoed the resolution in December.

To override a veto, two-thirds of lawmakers in the House and Senate must vote to overturn the president’s action. The motion to override Biden’s veto on the 1071 Resolution failed on a 54-45 vote.

Read the article here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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