h 87 55865 1236830400 false 1237435200 1456 1235 111 400251

3/12/2009--Introduced.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.

1237435200 2009-03-19 Tue Jan 05 21:18:30 -0600 2010 introduced 55865 'act':6 'fair':4 'consum':1 'practic':5 'protect':3 'overdraft':2 70459 false short introduced 55865 'act':10 'fee':35,50,74 'may':29 'lend':9 'made':40 'post':57 'avail':41 'check':59 'debit':62 'initi':30 'relat':44 'truth':7 'consum':43 'custom':23 'enhanc':37 'extend':2 'inform':39 'provid':17 'purpos':69,78 'requir':22 'servic':16,33,48 'account':66 'consent':24 'generat':71 'manipul':54 'program':14 'protect':4,13,32,47,73 'institut':20,28 'prohibit':52 'systemat':53 'overdraft':12,31,46,72 'depositori':19,27,65 70237 false official action 55865 1237435200 Thu Mar 19 00:00:00 -0500 2009 191116 Referred to the Subcommittee on Financial Institutions and Consumer Credit. M000087 1948-02-19 6588 2331 Rayburn House Office Building http://maloney.house.gov/index.php?option=com_email_form&Itemid=73 14 202-225-4709 Carolyn 'd':4 'ny':5 '-14':6 'rep':1 'carolyn':2,7,9 'maloney':3,8,10 F 400251 Maloney Carolyn_B._Maloney B. Rep. Carolyn Maloney [D, NY-14] 3205 N00000078 8982 Democrat 202-225-7944 Presbyterian NY Carolyn Maloney 2.38461538461538 http://maloney.house.gov/ action 55865 1237435200 Thu Mar 19 00:00:00 -0500 2009 191116 Referred to the Subcommittee on Financial Institutions and Consumer Credit. action 55865 1237435200 Thu Mar 19 00:00:00 -0500 2009 191117 Subcommittee Hearings Held. action 55865 1236830400 Thu Mar 12 00:00:00 -0500 2009 188317 Sponsor introductory remarks on measure. (CR E663) action 55865 1236830400 Thu Mar 12 00:00:00 -0500 2009 187700 Referred to the House Committee on Financial Services. introduced 55865 1236830400 Thu Mar 12 00:00:00 -0500 2009 187699