NAFCU and CUNA were applauding on Friday the signing into law oftwo bills the trade groups had lobbied for: the repeal of the dualfee disclosure for ATMs and the protection of privilegedinformation that financial institutions provide to the Consumer Financial Protection Bureau.

President Barack Obama signed both bills into law onThursday.

“This is important, meaningful legislation that will have adirect impact on a credit union's bottom line and their reputationmanagement. NAFCU has fought long and hard for both of thesebills and we are pleased the president has acted swiftly to enactthem into law,” said NAFCU President/CEO Fred Becker.

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