Basic Banking Services Access Act of 1989

Summary

Basic Banking Services Access Act of 1989 - Requires each depository institution to: (1) offer a basic financial services account to low- and moderate-income persons under prescribed guidelines which include specified minimal deposit, balance, and withdrawal requirements; and (2) post a conspicuous notice of the availability of such accounts to its customers. 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

• related to → Basic Banking Services Access Act of 1989