H.R.1059: Consumer Affordable Transaction Account Act of 2001

About This Bill

Bill Summary

Consumer Affordable Transaction Account Act of 2001 - Requires each insured depository institution to make available to consumers an "affordable transaction account" containing specified features to be prescribed jointly by the Federal banking agencies, including at least eight free withdrawals per month.Prohibits the imposition of fees upon such account holders which are discriminatory in nature. Authorizes alternative account...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
March 15, 2001

Introduced in the House by John J. LaFalce (D-N.Y.)

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