3.0.0 2200 2023-01-11T13:26:35Z 2023-01-11T13:26:35Z Senate S S 2014-04-02 113 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2014-04-02T16:28:41Z 2014-04-02 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2014-04-02 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2014-04-02 True Finance and Financial Sector Civil actions and liability Consumer credit Fraud offenses and financial crimes Finance and Financial Sector 00 2014-04-02 Introduced in Senate 2014-06-06T21:06:14Z Consumer Debit Card Protection Act of 2014 - Amends the Electronic Fund Transfer Act to require a financial institution to recredit a consumer's account within 7 days (currently, 10 days) after receiving notice of an error in the manner of an electronic debit transaction.

Limits consumer liability for unauthorized use of a debit card to the following circumstances:

  • the debit card is an accepted debit card;
  • the liability does not exceed $50;
  • the issuer has given the consumer a description of a means by which the issuer may be notified of loss or theft of the card;
  • the unauthorized use occurs before the issuer has been notified of that fact or that an unauthorized use may occur as the result of loss, theft, or otherwise; and
  • the issuer has provided a method whereby the card user can be identified as the person authorized to use the card.

States that an issuer has been notified when reasonable steps have been taken to give the issuer the pertinent information, whether or not any particular officer, employee, or agent of the issuer does in fact receive that information.

Places the the burden of proof upon the issuer to show that: (1) the use was authorized, or (2) the conditions of liability for the unauthorized use of a debit card have been met.

]]> Consumer Debit Card Protection Act of 2014 Display Title Consumer Debit Card Protection Act of 2014 Official Title as Introduced A bill to provide debit card holders with consumer protections equivalent to those available to credit card holders, and for other purposes. Introduced in Senate IS Short Titles as Introduced Consumer Debit Card Protection Act of 2014 Introduced in Senate 2014-04-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2200is/xml/BILLS-113s2200is.xml 2014-04-02 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.