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Financial Services Law Insights and Observations

House Committee Approves Legislation to Alter ATM Fee Disclosure Requirement

Bank Compliance

Fintech

On June 27, the House Financial Services Committee unanimously approved H.R. 4367, which would amend the Electronic Fund Transfer Act to remove the requirement that ATMs attach a placard disclosing fees. Instead, the bill would require only that fees be disclosed on the ATM screen.

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