3.0.0 1261 2022-11-15T16:33:58Z 2022-11-15T16:33:58Z House H HR 2013-03-19 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. CAROLYN B. MALONEY of New York:H.R. 1261.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 the Commerce Clause[Page H1631]]]> hsba00 Financial Services Committee House Standing Referred to 2013-03-19T14:04:30Z 2013-03-19 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-03-19 Sponsor introductory remarks on measure. (CR E335-336) IntroReferral B00100 9 Library of Congress 2013-03-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-03-19 Introduced in House IntroReferral 1000 9 Library of Congress M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 N W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2013-03-19 True D000355 Rep. Dingell, John D. [D-MI-12] JOHN DINGELL D MI D. 12 2013-03-19 True L000480 Rep. Lowey, Nita M. [D-NY-17] NITA LOWEY D NY M. 17 2013-03-19 True C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2013-03-19 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2013-03-19 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2013-03-19 True S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2013-03-19 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2013-03-19 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2013-03-19 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2013-03-19 True F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2013-03-19 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2013-03-19 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2013-03-19 True R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2013-03-19 True T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2013-03-19 True T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2013-03-19 True V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2013-03-19 True C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2013-03-19 True R000053 Rep. Rangel, Charles B. [D-NY-13] CHARLES RANGEL D NY B. 13 2013-03-19 True W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2013-03-19 True C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2013-03-19 True S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2013-03-19 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2013-03-19 True N000002 Rep. Nadler, Jerrold [D-NY-10] JERROLD NADLER D NY 10 2013-03-19 True H001034 Rep. Honda, Michael M. [D-CA-17] MICHAEL HONDA D CA M. 17 2013-03-19 True E000215 Rep. Eshoo, Anna G. [D-CA-18] ANNA ESHOO D CA G. 18 2013-03-19 True C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2013-03-19 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2013-03-19 True B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2013-03-19 True H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2013-03-19 True M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2013-03-19 True C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2013-03-19 True C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2013-03-19 True M001163 Rep. Matsui, Doris O. [D-CA-6] Doris Matsui D CA O. 6 2013-03-19 True L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2013-03-19 True S000030 Rep. Sanchez, Loretta [D-CA-46] LORETTA SANCHEZ D CA 46 2013-03-19 True V000131 Rep. Veasey, Marc A. [D-TX-33] Marc Veasey D TX A. 33 2013-03-19 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2013-03-19 True B001270 Rep. Bass, Karen [D-CA-37] Karen Bass D CA 37 2013-03-19 True T000266 Rep. Tierney, John F. [D-MA-6] JOHN TIERNEY D MA F. 6 2013-03-19 True M000725 Rep. Miller, George [D-CA-11] GEORGE MILLER D CA 11 2013-03-19 True R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2013-03-19 True P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2013-06-13 False I000057 Rep. Israel, Steve [D-NY-3] STEVE ISRAEL D NY 3 2013-06-13 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2013-06-26 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2014-07-22 False Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Consumer Financial Protection Bureau Consumer affairs Consumer credit Marketing and advertising User charges and fees Finance and Financial Sector 00 2013-03-19 Introduced in House 2013-05-03T20:43:04Z Overdraft Protection Act of 2013 - Amends the Truth in Lending Act to prohibit a depository institution from engaging in unfair or deceptive acts or practices in connection with overdraft coverage, or in acts designed to evade the provisions of this Act.

Requires each depository institution that provides overdraft coverage for transaction accounts clearly and conspicuously to disclose overdraft coverage fees and that, if a consumer does not opt-in to such overdraft coverage: (1) the consumer's transaction may be declined if there are insufficient funds in the related transaction account, and (2) the consumer will not be charged a fee if such transaction is declined.

Subjects to the consumer's written, electronic, or other consent overdraft coverage fees in connection with use of an automatic teller machine (ATM) or point of sale transaction.

Requires a depository institution to provide specified consumer disclosures regarding its overdraft protection program, including: (1) periodic statements for any transaction account that has an overdraft coverage program feature, (2) prompt notification of the account's overdraft status, and (3) the overdraft coverage fee as an annual percentage rate (APR), permitting consumers to compare meaningfully the overdraft coverage to alternative forms of overdraft options and other sources of credit.

Prescribes overdraft coverage fee limits.

Prohibits an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction.

Requires a depository institution to provide consumers who have not consented to participate in an overdraft coverage program transaction accounts with the same terms as those provided to consumers who have consented to participate in such program.

Prohibits a depository institution from charging a non-sufficient fund fee for any ATM or debit card transaction.

Prohibits a depository institution from reporting negative information regarding consumer use of overdraft coverage to any consumer reporting agency when the overdraft amounts and coverage fees are paid under the terms of an overdraft coverage program.

Directs the Consumer Financial Protection Bureau (CFPB) to study whether consumers are being subjected to abusive practices with respect to prepaid card overdraft coverage.

]]> Overdraft Protection Act of 2013 Display Title Overdraft Protection Act of 2013 Short Titles as Introduced Overdraft Protection Act of 2013 Official Title as Introduced To amend the Truth in Lending Act to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at depository institutions, and for other purposes. Introduced in House 2013-03-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1261ih/xml/BILLS-113hr1261ih.xml 2013-03-19 Referred to the House Committee on Financial Services. 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.