What: All Issues : Aid to Less Advantaged People, at Home & Abroad : America's Poor : H.R. 1375. Financial Services Regulation/Vote to Prevent Commercial Banks From Charging Their Customers for Depositing Bad Checks Even if the Customer Did Not Know that the Check Would Bounce. (2004 house Roll Call 66)
 Who: All Members : New York, District 2 : King, Pete
[POW!]
 
H.R. 1375. Financial Services Regulation/Vote to Prevent Commercial Banks From Charging Their Customers for Depositing Bad Checks Even if the Customer Did Not Know that the Check Would Bounce.
house Roll Call 66     Mar 18, 2004
Member's Vote
(progressive
or not)
Progressive Position
Progressive Result
(win or loss)

If an individual deposits a check into their bank account and the signatory of the check does not have sufficient funds to cover the amount, then commercial banks are allowed to charge a fee to the depositor of the check. In the view of Progressives, this practice is unfair because in most cases individuals cannot possibly know whether or not the bank account from which a check is written has sufficient funds to cover it. During debate on a non-controversial piece of legislation to loosen some regulations on banks and credit unions, Congressman Weiner (D-NY) proposed an amendment supported by Progressives which would have prohibited the aforementioned practice of charging individuals for depositing bad checks. Conservatives opposed the Weiner amendment and argued that it would create an unfair situation in which customers who do not deposit bad checks are charged additional fees by their bank because, like most businesses, banks will pass on any additional costs to customers. On a vote of 167-255, the Weiner amendment was rejected and commercial banks were allowed to continue charging their customers a fee for depositing bad checks even if the customer did not know that the check would bounce.

N Y L
Issue Areas:
Key: Y=Yea, N=Nay, W=Win, L=Loss