H.R.2386 - Fairness for Check Cashers Act106th Congress (1999-2000)
|Sponsor:||Rep. Weiner, Anthony D. [D-NY-9] (Introduced 06/29/1999)|
|Committees:||House - Banking and Financial Services|
|Latest Action:||Senate - 02/10/2000 Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2386 — 106th Congress (1999-2000)All Information (Except Text)
Introduced in House (06/29/1999)
Fairness For Check Cashers Act - Amends the Expedited Funds Availability Act to prohibit an originating depository institution from imposing any fee in connection with handling or returning any check drawn on an account at such institution, or otherwise suspending payment, or delaying settlement for it due to insufficient funds, other than a fee imposed directly on such account regarding that check.
Prohibits a receiving depository institution from imposing any fee in connection with handling such a check, or any chargeback of any provisional settlement of it, due to dishonorment.