Illinois Governor Signs ATM Fee Disclosure Relief
Illinois credit unions will no longer be required to post fee disclosure stickers or signs on ATMs thanks to HB 2432 that was signed into law last week by Gov. Pat Quinn.
The state bill provides parity with federal requirements regarding ATM fee disclosure, according to the Illinois Credit Union League. Previously, the federal Electronic Fund Transfer Act mandated that ATMs have a sticker or sign and an on-screen notice to alert consumers about fees.