To amend the Electronic Fund Transfer Act to prohibit the imposition of certain additional fees on consumers in connection with any electronic fund transfer which is initiated by the consumer from an electronic terminal operated by a person other than the financial institution holding the consumer's account and which utilizes a national or regional communication network.
Electronic Fund Transfer Fees Act of 1996 - Amends the Electronic Fund Transfer Act to prohibit the operator of the electronic terminal at which an electronic fund transfer is initiated from imposing a fee upon any such electronic fund transfer which: (1) is initiated by a consumer from an electronic terminal operated by a person other than the financial institution holding such consumer's account; and (2) utilizes a national or regional communication network to execute the transaction between such person and the financial institution holding such consumer's account.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services. period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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