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IL HB3668

IL HB3668
BANKS-OVERDRAFT FEES


summary

Introduced
02/19/2021
In Committee
03/27/2021
Crossed Over
Passed
Dead
04/08/2022

Introduced Session

102nd General Assembly

Bill Summary

Amends the Illinois Banking Act and Savings Bank Act to provide that a bank or savings bank shall not charge overdraft fees on accounts during a public health emergency caused by the COVID-19 pandemic.

AI Summary

This bill amends the Illinois Banking Act and Savings Bank Act to prohibit banks and savings banks from charging overdraft fees on customer accounts during a public health emergency caused by the COVID-19 pandemic. The purpose of this bill is to provide relief to Illinois residents who may be facing financial hardship due to the economic impacts of the COVID-19 crisis.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Rule 19(a) / Re-referred to Rules Committee (on 03/27/2021)

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