Consumer Affordable Transaction Account Act of 2001

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 arrangements. Requires notice of availability of affordable transaction accounts to be posted upon the premises in the same manner as the depository institution posts notice of its other account products. Mandates depository institution compliance with more stringent State law where applicable.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 March 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 15 March 2001

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• Introduced in House

  summary · EN · 15 March 2001

  Open at official source

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