H.R. 1456 - Consumer Overdraft Protection Fair Practices Act

Consumer Overdraft Protection Fair Practices Act

H.R. 1456 — 111^th Congress (2009–2010)

Keywords

Banking, Overdrafts

Summary

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. (by CRS)

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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

• R. Miller
• Paul Kanjorski
• John Tierney
• Raul Grijalva
• William Delahunt
• Marcia Fudge
• Jackie Speier
• Keith Ellison
• Michael Capuano
• Anna Eshoo
• Gary Ackerman
• Janice Schakowsky
• José Serrano
• Christopher Van Hollen
• Michael Honda
• George Miller

Subjects

• Finance and financial sector
• Administrative law and regulatory procedures
• Bank accounts, deposits, capital
• Banking and financial institutions regulation
• Consumer affairs
• Federal Reserve System
• Financial services and investments
• Marketing and advertising
• User charges and fees

Related Bills

Major Actions

Introduced	3/12/2009
Referred to Committee

Bill History

• All Votes
• All Actions
• Amendments

There have been no votes on this bill.

	Action	Date	Description
	Introduced	3/12/2009
		3/12/2009	Referred to the House Committee on Financial Services.
		3/12/2009	Sponsor introductory remarks on measure. (CR E663)
		3/19/2009	Referred to the Subcommittee on Financial Institutions and Consumer Credit.
		3/19/2009	Subcommittee Hearings Held.

	Number	Sponsor	Date Offered	Status