HR 3181 · 101th Congress · Finance and Financial Sector

Basic Banking Services Access Act of 1989

Introduced 1989-08-04· Sponsored by Rep. Lehman, Richard H. [D-CA-18]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Consumer Affairs and Coinage.(1989-08-15)

Plain Language Summary

[AI summary unavailable — showing source text] 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 noncompliance with this Act.…

Summarized by Claude AI · Non-partisan · For informational purposes only