Senate bill 3394, part of a package that includes legislationto eliminate the ATM placard disclosure requirement that hasspurred frivolous lawsuits against credit unions, has gained its11th co-sponsor.

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Sen. Kent Conrad (D-N.D.) signed on as a co-sponsor on Thursday,following Sen. Bob Corker (R-Tenn.), Sen. Joe Manchin (D-W.V.) and Sen.Jeff Merkley (D-Ore.), who became co-sponsors of the bill onWednesday. A NAFCU news item reported that Corker's support of thebill was noteworthy, as he had previously opposed a provision inthe legislation that would require the Consumer FinancialProtection Bureau to keep confidential sensitive data provided byfinancial institutions. Corker was an original sponsor of a Senate bill introduced in May thatintended to eliminate the placard disclosure.

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If the bill passes in the Senate, it would have to return to theHouse for approval before being signed into law by thePresident.

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The legislation would still require ATMs to maintain theon-screen notice about fees and provide consumers with the abilityto decline those fees and terminate the transaction.

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