Sec. 6. Effective date
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This Act and the amendments made by this Act shall take effect 1 year after the date of the enactment of this Act, whether or not the rules of the Bureau under this Act or such amendments are prescribed in final form. Notwithstanding subsection (a), section 140B(n)(1) of the Truth in Lending Act (as added by section 4(a)) shall take effect upon enactment of this Act. During the 1-year period beginning on the date of the enactment of this Act, no depository institution may increase the overdraft coverage fees or charges assessed on transaction accounts for paying a transaction (including a check or other debit) in connection with an overdraft or for nonsufficient funds.
As used in this section, the terms depository institution , overdraft , overdraft coverage fee , transaction account and nonsufficient fund fee have the same meanings as in section 103(ee) of the Truth in Lending Act, as added by this Act.