Bank Fee Disclosure Act

[AI summary unavailable — showing source text] Bank Fee Disclosure Act - Requires a depository institution, before opening any account or offering any service to a potential customer, to provide a written statement specifying: (1) all services offered; (2) the terms and conditions on which such services are offered; and (3) the fees charged for such services. Requires each depository institution, not less than once a year, to mail a written statement to each of its customers containing such information. Requires each appropriate Federal banking agency to prescribe regulations necessary to carry out the provisions of this Act. Requires each appropriate Federal banking agency, not later than six months after the date of the enactment of this Act, to report to Congress about services offered by depository institutions and the costs involved. Specifies the information to be included in such reports. Provides for the administrative enforcement of the requirements imposed by this Act.…