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HR 2911 110th Congress House

Electronic Funds Transfer Equal Consumer Protection Act

Official title: To amend the Electronic Fund Transfer Act to provide similar protections under that Act for consumers as apply under the Truth in Lending Act, and for other purposes.

Introduced: June 28, 2007 See on congress.gov
Finance and Financial Sector Bank accountsCommerceConsumer protectionCredit cards
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Debit cardsElectronic funds transfersEvidence (Law)LawLiability (Law)Science, Technology, Communications
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 28, 2007
Referred to the House Committee on Financial Services.
Jun 28, 2007
Introduced in House
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 Latest action June 28, 2007

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Electronic Funds Transfer Equal Consumer Protection Act - Amends the the Electronic Fund Transfer Act to treat as an error any electronic fund transfer affecting the customer's account regarding a transaction for goods or services not accepted by or not delivered to the customer, or not in accordance with the agreement made at the time of the transaction.

Redefines electronic fund transfer to cover any transaction initiated through an electronic terminal, telephonic instrument, or computer, including transactions initiated through the use of a check card or a debit card.

Revises requirements for a financial institution's discretionary provisional recredit of a consumer's account after receiving notice of an error. Makes such a provisional recredit mandatory, within one business day after receipt of such a notice.

Revises requirements for prompt resolution of errors to authorize a financial institution to require a consumer to submit written confirmation of an oral error notice before it recredits provisionally the consumer's account.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 6
D
Van Hollen, Chris
Maryland · Sep 5, 2007
 D
Cleaver, Emanuel
Missouri · Jun 28, 2007
 D
Cohen, Steve
Tennessee · Jun 28, 2007
 D
Kaptur, Marcy
Ohio · Jun 28, 2007
 D
Lofgren, Zoe
California · Jun 28, 2007
 D
Schakowsky, Janice D.
Illinois · Jun 28, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2911: Electronic Funds Transfer Equal Consumer Protection Act. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2911/
MLA
"H.R. 2911: Electronic Funds Transfer Equal Consumer Protection Act." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2911/.
Bluebook (legal)
H.R. 2911, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2911/.
Markdown link
[H.R. 2911: Electronic Funds Transfer Equal Consumer Protection Act](https://openamerica.io/bill/110-HR-2911/)
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