Code · BILL · 116th Congress · S. 1595 (Introduced in Senate) — To amend the Truth in Lending Act to limit overdraft fees and establish fair and transparent practices related to the... · Sec. 6

Sec. 6. Effective date

90 words·~1 min read·/bill/116/s/1595/is/section-6

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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 CFPB under this Act or such amendments are prescribed in final form. 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.