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.


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.


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


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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