3.0.0 4415 2023-01-13T04:49:38Z 2023-01-13T04:49:38Z House H HR 2005-11-18 109 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2006-01-05T16:58:17Z Referred to 2005-11-18T14:05:05Z 2006-01-05 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2005-11-18 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-11-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-11-18 Introduced in House IntroReferral 1000 9 Library of Congress M001148 Rep. Meek, Kendrick B. [D-FL-17] Kendrick Meek D FL B. 17 N R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2005-11-18 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2006-03-30 False Finance and Financial Sector Administrative procedure Bank accounts Bank deposits Bank records Checks Commerce Consumer education Consumer protection Federal Reserve System Fees Finance charges Government Operations and Politics Government paperwork Law Finance and Financial Sector 00 2005-11-18 Introduced in House 2006-01-17T18:15:10Z Consumer Checking Fairness Act - Amends the Expedited Funds Availability Act to require a depository institution to post checks presented for payment against a checking account used primarily for personal, family, or household purposes after the close of any business day in the numerical order of the checks, beginning with the lowest number.

Requires customer notification and consent for a different posting order.

Requires a depository institution to credit all deposits to such account after the close of any business day before debiting any check drawn on the account and presented for payment.

Directs the Board of Governors of the Federal Reserve System to prescribe implementing regulations.

]]> Consumer Checking Fairness Act Display Title Consumer Checking Fairness Act Official Title as Introduced To establish a fair order of posting checks and deposits to prevent unjust enrichment of financial institutions from fees that accrue only by virtue of the order used by the institution for posting checks and deposits, and for other purposes. Introduced in House IH Short Titles as Introduced Consumer Checking Fairness Act Introduced in House 2005-11-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr4415ih/xml/BILLS-109hr4415ih.xml 2006-01-05 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.