To extend the protections of the Truth in Lending Act to overdraft protection programs and services provided by depository institutions, to require customer consent before a depository institution may initiate overdraft protection services and fees, to enhance the information made available to consumers relating to overdraft protection services and fees, to prohibit systematic manipulation in the posting of checks and other debits to a depository account for the purpose of generating overdraft protection fees, and for other purposes.

Overview Sponsor: Rep. Carolyn Maloney [D-NY14]show cosponsors (16) Cosponsors: Gary Ackerman [D-NY5] Michael Capuano [D-MA8] William Delahunt [D-MA10] Keith Ellison [D-MN5] Anna Eshoo [D-CA14] Marcia Fudge [D-OH11] Raul Grijalva [D-AZ7] Michael Honda [D-CA15] Paul Kanjorski [D-PA11] Bradley Miller [D-NC13] George Miller [D-CA7] Janice Schakowsky [D-IL9] José Serrano [D-NY16] Jackie Speier [D-CA12] John Tierney [D-MA6] Christopher Van Hollen [D-MD8] Text: Summary | Full Text Status: Introduced Mar 12, 2009 Referred to Committee View Committee Assignments Reported by Committee ... House Vote ... Senate Vote ... Signed by President ... This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee. [Last Updated: Nov 13, 2009 5:13PM] Last Action: Mar 19, 2009: Subcommittee Hearings Held. Related: See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.

Question & Answer Can you answer any of these questions posed by other users? Think of it as a civic good deed. See 8 more questions posed on this topic or submit your own question on the Q&A page. Enter your question. Tips: Be clear and precise. No abbreviations. Don't ask about the status of this bill or when it will be voted on (other users are not likely to know). Don't ask a loaded question or for individual advice: Your question will be rejected. After submitting your question it will be reviewed, and if approved will appear here. Oct 14, 2009 4:58 PM - Bank of America "held" transactions over a 5 day period, then processed all transactions on one day, causing a trigger of overdraft charges for 10 transactions. Rather than 2, which would have been the case if they had been processed per the date they came into the bank, instead they processed all 5 days worth of transactions highest to lowest (POS and Versatel). Is this legal? - Answer it! Add another answer. Answer This Question Tips: Reference the text of the bill when possible --- answers with unsourced facts may be rejected. Don't be inflammatory --- it will be edited out! Don't use abbreviations, but stay concise and on-point. Oct 22, 2009 10:18 AM - Why is it acceptable and necessary to charge the full amounts? When the overdraft amount is just pennies up to a dollar below, what's being charged? - Answer it! Add another answer. Answer This Question Tips: Reference the text of the bill when possible --- answers with unsourced facts may be rejected. Don't be inflammatory --- it will be edited out! Don't use abbreviations, but stay concise and on-point. and 8 more questions.

Sources of Influence

MAPLight.org reports that the following organizations have taken a stance on this bill:

Follow the link to MAPLight.org to see if campaign contributions from employees of these organizations are correlated with how Members of Congress voted on this bill.

{{cite web
|url=http://www.govtrack.us/congress/bill.xpd?bill=h111-1456
|title=H.R. 1456
|accessdate=Nov 22, 2009
|author=111th Congress (2009)
|date=Mar 12, 2009
|work=Legislation
|publisher=GovTrack.us
|quote=Consumer Overdraft Protection Fair Practices Act
}}