3.0.0 1456 2022-02-03T06:09:03Z 2022-02-03T06:09:03Z House H HR 2009-03-12 111 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2009-03-19T15:36:06Z Referred to 2009-03-19T15:35:58Z Referred to 2009-03-12T14:00:47Z 2009-03-19 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2009-03-19 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2009-03-12 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-03-12 Sponsor introductory remarks on measure. (CR E663) IntroReferral B00100 9 Library of Congress 2009-03-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-03-12 Introduced in House IntroReferral 1000 9 Library of Congress M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 N A000022 Rep. Ackerman, Gary L. [D-NY-5] GARY ACKERMAN D NY L. 5 2009-03-12 True M001154 Rep. Miller, Brad [D-NC-13] Brad Miller D NC 13 2009-03-12 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2009-03-12 True S001175 Rep. Speier, Jackie [D-CA-12] Jackie Speier D CA 12 2009-03-12 True T000266 Rep. Tierney, John F. [D-MA-6] JOHN TIERNEY D MA F. 6 2009-03-12 True E000215 Rep. Eshoo, Anna G. [D-CA-14] ANNA ESHOO D CA G. 14 2009-03-12 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2009-03-23 False C001037 Rep. Capuano, Michael E. [D-MA-8] MICHAEL CAPUANO D MA E. 8 2009-03-30 False M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2009-09-10 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2009-09-22 False D000210 Rep. Delahunt, Bill [D-MA-10] Bill Delahunt D MA 10 2009-09-25 False S000248 Rep. Serrano, Jose E. [D-NY-16] JOSE SERRANO D NY E. 16 2009-09-25 False H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2009-09-25 False K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2009-09-25 False F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2009-10-08 False V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2009-10-08 False 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 Finance and Financial Sector 00 2009-03-12 Introduced in House 2009-06-12T15:46:26Z Consumer Overdraft Protection Fair Practices Act - Amends the Truth in Lending Act to set forth restrictions upon overdraft protection fees or services placed upon a consumer account in order to cover any debit due to insufficient funds in such account.

Prohibits certain misrepresentations made by an institution that it will extend credit to cover all overdrafts.

Prohibits specified advertising claims regarding overdraft protection programs or services, including any representation or statement encouraging use of the account as a service to: (1) meet short-term credit needs; or (2) obtain advances on a consumer's next payment of salary, wages, benefits, or other income.

Authorizes the Board of Governors of the Federal Reserve System to restrict additional acts or practices the Board deems unfair or deceptive in connection with the offering, operation, and advertising of overdraft protection programs and services.

Amends the Electronic Fund Transfer Act to set forth restrictions governing overdraft protection services and fees concerning payment of an electronic fund transfer initiated by the consumer at an automated teller machine (ATM) despite of a lack of sufficient funds in the consumer's account.

Amends the Expedited Funds Availability Act to prohibit a depository institution from: (1) imposing overdraft protection fees for paying any check drawn on the account in spite of a lack of sufficient funds unless the account holder has affirmatively requested such service; or (2) engaging in a pattern or practice of delaying the posting of any deposit in an account, or manipulating the process of posting any check or other debit against an account, if such pattern or practice results in an overdraft that triggers payment of an overdraft protection fee.

]]> Consumer Overdraft Protection Fair Practices Act Short Titles as Introduced Consumer Overdraft Protection Fair Practices Act Display Title Consumer Overdraft Protection Fair Practices Act Official Title as Introduced 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. Introduced in House 2009-03-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1456ih/xml/BILLS-111hr1456ih.xml 2009-03-19 Subcommittee Hearings Held. 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.