Rep. Marge Roukema, chairwoman of the House Banking Committee's financial institutions subcommittee, plans to hold a hearing in September on legislation that would let banks make disclosures required by federal consumer protection laws over the Internet instead of on paper.

A date has not been set to discuss the Electronic Disclosures Delivery Act of 1999, which Rep. Roukema introduced July 27, along with Reps. Rick Lazio, R-N.Y., and Jay Inslee, D-Wash. The bill covers fair credit, mortgage, Truth-in-Lending, and other disclosures and would require customer permission before on-line notices could be sent.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.