Archive for the ‘Excuse’ Category

Bill to prevent consumer fraud by US banking institutions ?

xuserx2000 asked: http://maloney.house.gov/index.php?option=com_content&task=view&id=53&Itemid=61 Rep. Carolyn Maloney [D-NY] introduced a bill to extend the Truth Lending Act, to include disclosure of overdraft services to consumers by banking and lending institutions. Currently the law allows these institutions to charge fees for forced overdraft services without disclosing their policies to consumers. They are not required to notify of [...]