Affordable Transaction Account Act

Summary

Affordable Transaction Account Act - Mandates that each insured depository institution make available to consumers an "affordable transaction account" containing specified features to be prescribed jointly by the Federal banking agencies. Prohibits the imposition of fees upon such account holders which are discriminatory in nature. Authorizes alternative account arrangements. Requires "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 · 6 June 2000

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• Introduced in House (PDF)

  Introduced in House · EN · 6 June 2000

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• Introduced in House

  summary · EN · 6 June 2000

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