CFPB Issues Ruling on Disclosure of ATM Fees

The Consumer Financial Protection Bureau has issued a new rule regarding the disclosure of ATM fees. ATM operators will be required to provide consumers with either an on-screen disclosure or a printout of applicable fees for using an ATM machine. These … Continue reading

Bill Passed to Curb ATM Lawsuits

Financial institutions received some good news yesterday when the Senate unanimously passed a bill that amended the Electronic Fund Transfer Act and eliminated the fee disclosure requirement on ATM machines. The Electronic Fund Transfer Act made it a requirement that some … Continue reading