HR 4584 · 106th Congress · Finance and Financial Sector
Affordable Transaction Account Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Banking and Financial Services.(2000-06-06)
Plain Language Summary
[AI summary unavailable — showing source text]
Affordable Transaction Account Act - Mandates that each insured depository institution make available to consumers an "affordable transaction account" containing specified features to be prescribed jointly by the Federal banking agencies. Prohibits the imposition of fees upon such account holders which are discriminatory in nature. Authorizes alternative account arrangements. Requires "affordable transaction accounts" to be posted upon the premises in the same manner as the depository institution posts notice of its other account products. Mandates depository institution compliance with more stringent State law where applicable.…
Summarized by Claude AI · Non-partisan · For informational purposes only