To amend the Expedited Funds Availability Act to prohibit the imposition of fees for any check returned due to insufficient funds for payment, other than a fee imposed on the maker of the check, and for other purposes.
Fairness For Check Cashers Act - Amends the Expedited Funds Availability Act to prohibit an originating depository institution from imposing any fee in connection with handling or returning any check drawn on an account at such institution, or otherwise suspending payment, or delaying settlement for it due to insufficient funds, other than a fee imposed directly on such account regarding that check.
Prohibits a receiving depository institution from imposing any fee in connection with handling such a check, or any chargeback of any provisional settlement of it, due to dishonorment.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
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