US Congress Senate Bill 2200 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on April 2 2014 - 25% progression, died in committee
Action: 2014-04-02 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Consumer Debit Card Protection Act of 2014 - Amends the Electronic Fund Transfer Act to require a financial institution to recredit a consumer's account within 7 days (currently, 10 days) after receiving notice of an error in the manner of an electronic debit transaction. Limits consumer liability for unauthorized use of a debit card to the following circumstances: the debit card is an accepted debit card; the liability does not exceed $50; the issuer has given the consumer a description of a means by which the issuer may be notified of loss or theft of the card; the unauthorized use occurs before the issuer has been notified of that fact or that an unauthorized use may occur as the result of loss, theft, or otherwise; and the issuer has provided a method whereby the card user can be identified as the person authorized to use the card. States that an issuer has been notified when reasonable steps have been taken to give the issuer the pertinent information, whether or not any particular officer, employee, or agent of the issuer does in fact receive that information. Places the the burden of proof upon the issuer to show that: (1) the use was authorized, or (2) the conditions of liability for the unauthorized use of a debit card have been met.

Consumer Debit Card Protection Act of 2014

Sen. Mark Warner [D-VA]

Sen. Mark Kirk [R-IL]

Date	Chamber	Action
2014-04-02	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2200/all-info
Text	https://www.congress.gov/113/bills/s2200/BILLS-113s2200is.pdf