To amend the Consumer Financial Protection Act of 2010 to require the Bureau of Consumer Financial Protection to develop a model form for a disclosure notice that shall be used by depository institutions and credit unions, and for other purposes.
About This Bill
Committee
Latest Action · April 29, 2015
Referred to the House Committee on Financial Services.
Amends the Consumer Financial Protection Act of 2010 to require the Consumer Financial Protection Bureau to develop a model form for a disclosure notice to be used by depository institutions and credit unions to inform consumers before they open a checking account.
Exempts from the requirement to use such a form any depository institutions or credit unions with total assets of less than $2 billion.
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