PRINTER'S NO. 3895
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2580
Session of
2020
INTRODUCED BY GALLOWAY, MURT, DELLOSO, KINSEY, HILL-EVANS,
SCHWEYER, KORTZ, McNEILL, DeLUCA, ROZZI, CIRESI, SANCHEZ AND
LEE, JUNE 8, 2020
REFERRED TO COMMITTEE ON CONSUMER AFFAIRS, JUNE 8, 2020
AN ACT
Amending the act of December 17, 1968 (P.L.1224, No.387),
entitled "An act prohibiting unfair methods of competition
and unfair or deceptive acts or practices in the conduct of
any trade or commerce, giving the Attorney General and
District Attorneys certain powers and duties and providing
penalties," further providing for definitions and for
unlawful acts or practices and exclusions.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 2(4) of the act of December 17, 1968
(P.L.1224, No.387), known as the Unfair Trade Practices and
Consumer Protection Law, is amended by adding a subclause to
read:
Section 2. Definitions.--As used in this act.
* * *
(4) "Unfair methods of competition" and "unfair or deceptive
acts or practices" mean any one or more of the following:
* * *
(xxii) The assessment of penalties or fees by a financial
institution for the early withdrawal of certificates of deposit
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20