H.R. 946 - Consumer Overdraft Protection Fair Practices Act
- Sponsor:
- Carolyn Maloney
- Summary:
- This bill protects consumers from abusive overdraft loan programs and stops financial institutions from deliberately manipulating their systems to generate more overdraft fees. (by CRS)
- Status:
- The bill has been introduced.
Consumer Overdraft Protection Fair Practices Act
H.R. 946 — 110th Congress (2007–2008)
- Summary
- This bill protects consumers from abusive overdraft loan programs and stops financial institutions from deliberately manipulating their systems to generate more overdraft fees. (by CRS)
- Learn More
- At OpenCongress
- Title
- To extend the protections of the Truth in Lending Act to overdraft protection programs and services provided by depository institutions, to require customer consent before a depository institution may initiate overdraft protection services and fees, to enhance the information made available to consumers relating to overdraft protection services and fees, to prohibit systematic manipulation in the posting of checks and other debits to a depository account for the purpose of generating overdraft protection fees, and for other purposes.
- Other Titles
- Consumer Overdraft Protection Fair Practices Act
- Sponsor
- Carolyn Maloney
- Co-Sponsors
- Neil Abercrombie
- Thomas Allen
- Michael Capuano
- Julia Carson
- Danny Davis
- Lloyd Doggett
- Bob Filner
- Barney Frank
- Raul Grijalva
- Luis Gutiérrez
- Michael Honda
- Eddie Johnson
- Barbara Lee
- Sheila Jackson-Lee
- Zoe Lofgren
- Nita Lowey
- Stephen Lynch
- James McDermott
- Gregory Meeks
- R. Miller
- Timothy Ryan
- José Serrano
- John Tierney
- Maxine Waters
- Henry Waxman
- Donald Young
- Emanuel Cleaver
- Mazie Hirono
- Phil Hare
- Keith Ellison
- Steve Cohen
- Subjects
- Finance
- Administrative procedure
- Bank accounts
- Bank deposits
- Bank loans
- Banks and banking
- Business
- Checks
- Consumer education
- Consumer protection
- Consumers
- Contracts
- Deceptive advertising
- Electronic funds transfers
- Federal reserve system
- Fees
- Finance charges
- Law
- Technology
- Telecommunication
- Related Bills
- Major Actions
Introduced 2/08/2007 Referred to Committee - Bill History
-
There have been no votes on this bill.
Action Date Description Introduced 2/08/2007 2/08/2007 Referred to the House Committee on Financial Services. 2/09/2007 Sponsor introductory remarks on measure. (CR 2/12/2007 E306) 4/12/2007 Referred to the Subcommittee on Financial Institutions and Consumer Credit. Number Sponsor Date Offered Status
Total contributions given to House members from interest groups that…
supported this bill
opposed this bill
Contributions data source: OpenSecrets.org
