Consumer Protection - Banking Institutions - Unauthorized Debit Transactions (Consumer Bank Deposits Protection Act)
What this bill does
Prohibiting a consumer from being held liable for unauthorized debit transactions if the consumer notifies the banking institution within 90 days after receiving a periodic statement; requiring a banking institution to extend the time frame within which a consumer has to make a notification in cases of hospitalization, extended travel or if the Governor has declared a state of emergency; requiring a periodic bank statement, whether mailed or emailed, to display a certain message regarding unauthorized account transactions; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (9)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Locklair, Caileylobbyist | MD Retailers, MD Assoc. of Chain Drug Stores, Tri State Jewelers Assoc, MD Food Industry Council | Oral |
| FAV | Senator Kramer, Senator Kramerlegislator | Individual | Oral |
| UNF | Rahl, Christopher | Gordon Feinblatt | Oral |
| UNF | Bratsakis, John | MD|DC Credit Union Association | Oral |
| UNF | Lehman, Mindy | Maryland Bankers Assocation | Oral + Written (PDF) |
| UNF | Enten, Robert | Maryland Building Industry Assoc | Oral |
| UNF | Looby, Ramon | Individual | Oral |
| UNF | Murray, Rorylobbyist | Individual | Oral + Written (PDF) |
| INFO | Moore, Tonaeyalobbyist | CASH CAMPAIGN OF MARYLAND | Written (PDF) |