Government Check Cashing Act of 1989

Summary

Government Check Cashing Act of 1989 - Requires depository institutions to offer government check cashing services which include social security and benefits checks issued by the United States, any State, or any local government. Prescribes special rules for credit unions. Exempts from such requirement any depository institution which does not cash checks for customers. Requires each depository institution to post a conspicuous public notice that it offers government check cashing services. Prescribes administrative enforcement guidelines. Subjects a depository institution to civil liability for non-compliance with this Act.

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Timeline

1. 3 May 1989

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 3 May 1989

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 6 June 1989

   Committee

   Subcommittee on Consumer and Regulatory Affairs. Hearings held.

   Source: Committee

4. 7 June 1989

   Committee

   Subcommittee on Consumer and Regulatory Affairs. Hearings concluded. Hearings printed: S.Hrg. 101-471.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 3 May 1989

  Open at official source

Sponsors

• Sen. Metzenbaum, Howard M. [D-OH] · D · Sponsor
• · ssbk00 · Standing

Related records

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