Addressing the Challenges of Checking Accounts in Credit Unions: A Response to the United States Court of Appeals' Decision
- Identifier:
- CAC_CC_109_4_22_23_0003
- Contributing Institution:
- Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
- Title:
- Addressing the Challenges of Checking Accounts in Credit Unions: A Response to the United States Court of Appeals' Decision
- Date Created:
- 1979-04-20
- EDTF:
- 1979-04-20
- Creator:
- unknown
- Rights:
- http://rightsstatements.org/vocab/NKC/1.0/
- Language:
- eng
- Record Type:
- correspondence
- Collection:
- James R. Jones Collection
- Collection Finding Aid:
- https://arc.libraryhost.com/repositories/3/resources/70
- Description:
- The document discusses a recent court ruling that deemed certain financial transactions illegal, including bank's automatic transfer payments, savings and loan's remote service systems, and credit union's share draft systems. In response, a bill (H.R. 3864) was introduced to end the prohibition against interest on demand checking accounts and give savings and loan associations and credit unions the ability to offer checking accounts. The bill is currently being discussed in Congress, and the author of the text will monitor the situation and consider the opinions of holders of checking accounts in credit unions.
- Topic:
- United States, Armed Forces, Land use--Planning
- Congress:
- 96th (1979-1981)
- Physical Location:
- CAC_CC_109_4_0000, Box 22, Folder 23, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
- Location Represented:
- United States (nation), Oklahoma (state)
- Type:
- Text
- Extent:
- 2 Pages
