Legislation that would eliminate the ATM placard disclosurerequirement was unanimously approved by a House Financial ServicesCommittee voice vote to report it out Wednesday; and, according to CUNA,H.R. 4367 could see a full U.S. House vote soon after the July4 recess.
The bill would eliminate portions of Regulation E that requirecredit unions and other financial institutions that provide ATMservices to display a physical notice on the ATM that a fee will becharged.
Under the legislation, ATMs would only be required to displaythe ATM disclosures on a screen, and give ATM users the choice ofopting in to such a fee.
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