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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Electronic Funds Transfer Equal Consumer Protection Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Electronic Fund Transfer Act to provide similar protections under that Act for consumers as apply under the Truth in Lending Act, and for other purposes.


Actions Overview (1)

Date
06/28/2007Introduced in House

All Actions (2)

Date
06/28/2007Referred to the House Committee on Financial Services.
Action By: House of Representatives
06/28/2007Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services06/28/2007 Referred to

No related bill information was received for H.R.2911.


Subjects (11)


Latest Summary (1)

There is one summary for H.R.2911. View summaries

Shown Here:
Introduced in House (06/28/2007)

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.