H.R. 2911 · 110th Congress
Electronic Funds Transfer Equal Consumer Protection Act
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
AckermanSponsor16 cosponsors · 16 D
D
Capuano
EC
D
Cleaver
SC
D
Cohen
RG
D
Grijalva
SJ
D
Jackson Lee
MK
D
Kaptur
ZL
D
Lofgren
BL
D
Lee
JM
D
McDermott
DP
D
Price
CR
D
Rangel
JS
D
Schakowsky
LG
D
Gutiérrez
CV
D
Van Hollen
DK
D
Kucinich
HW
D
Waxman12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Electronic Funds Transfer Equal Consumer Protection Act - Amends the the Electronic Fund Transfer Act to treat as an error any electronic fund transfer affecting the customer's account regarding a transaction for goods or services not accepted by or not delivered to the customer, or not in accordance with the agreement made at the time of the transaction.
What it does: CRS summary · Introduced in House · Jun 28, 2007
Electronic Funds Transfer Equal Consumer Protection Act - Amends the the Electronic Fund Transfer Act to treat as an error any electronic fund transfer affecting the customer's account regarding a transaction for goods or services not accepted by or not delivered to the customer, or not in accordance with the agreement made at the time of the transaction.
Redefines electronic fund transfer to cover any transaction initiated through an electronic terminal, telephonic instrument, or computer, including transactions initiated through the use of a check card or a debit card.
Revises requirements for a financial institution's discretionary provisional recredit of a consumer's account after receiving notice of an error. Makes such a provisional recredit mandatory, within one business day after receipt of such a notice.
Revises requirements for prompt resolution of errors to authorize a financial institution to require a consumer to submit written confirmation of an oral error notice before it recredits provisionally the consumer's account.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Electronic Funds Transfer Equal Consumer Protection Act
Latest action (Jun 28, 2007): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 28, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.