S 1270 · 104th Congress · Finance and Financial Sector
A bill to exempt stored value cards from the Electronic Fund Transfer Act, and for other purposes.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking.(1995-09-25)
Plain Language Summary
[AI summary unavailable — showing source text]
Amends the Electronic Fund Transfer Act (EFTA) to modify the definition of "accepted card" and "account" to exclude a stored value card (i.e., a prepaid card), thus exempting such cards from EFTA regulatory jurisdiction.…
Summarized by Claude AI · Non-partisan · For informational purposes only