Amendment101st Congress
Amendment, as originally offered, urged States to limit the fees which check cashing agencies could charge to 1.5 percent of the check's value or $8, whichever was less, and required public display of fee schedules in English and Spanish. \ As amended by the Shumway amendment (A002), language regarding the display of fee schedules in English and Spanish were deleted.
- Amendment Number
- 421
- Description
- Amendment, as originally offered, urged States to limit the fees which check cashing agencies could charge to 1.5 percent of the check's value or $8, whichever was less, and required public display of fee schedules in English and Spanish. \ As amended by the Shumway amendment (A002), language regarding the display of fee schedules in English and Spanish were deleted.
- Purpose
- An amendment to establish guidelines regarding a model statute for uniform regulation of cash transmittal businesses by the states. Specifically, states would limit the fee charged by these businesses for cashing checks to 1.5% of the value of the check or $8, whichever is less. The amendment also requires such businesses to publicly display their fee schedules in English and Spanish.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Apr 25, 1990
- Latest Action Text
- On agreeing to the Foglietta amendment (A001) as amended Agreed to by recorded vote: 207 - 200 (Roll no. 80).
- Latest Action Time
- 15:12:52
- Submitted Date
- Apr 25, 1990
- Chamber
- House of Representatives
- Update Date
- Jul 1, 2021