[Congressional Record (Bound Edition), Volume 153 (2007), Part 3]
[Extensions of Remarks]
[Page 3629]
[From the U.S. Government Publishing Office, www.gpo.gov]




            CONSUMER OVERDRAFT PROTECTION FAIR PRACTICES ACT

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                        HON. CAROLYN B. MALONEY

                              of new york

                    in the house of representatives

                       Thursday, February 8, 2007

  Mrs. MALONEY of New York. Madam Speaker, I am introducing a bill that 
extends the protections of the Truth in Lending Act to overdraft 
protection programs and services provided by depository institutions. 
The bill also requires customer consent before a depository institution 
may initiate overdraft protection services and fees, and enhances the 
information made available to consumers relating to overdraft 
protection services and fees. In addition, the bill prohibits 
systematic manipulation in the posting of checks and other debits to a 
depository account for the purposes of generating overdraft protection 
fees, among other things.

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